Tide Raises $120M Growth Capital at $1.5B Valuation

Tide, the London-headquartered fintech company providing a business financial platform for small and medium enterprises, has secured $120M in a growth capital funding round. The investment underscores the company's position as a prominent player in the digital financial services sector for freelancers and sole traders.

Investors

The funding round was led by US private equity firm TPG. Existing investor Apax Digital Funds also participated in the round.

Tide Use of Funds

The company utilized the capital primarily to provide exit opportunities for early angel investors and staff, while securing late-stage institutional backing to support its ongoing scaling efforts.

About Tide

Founded in 2017, Tide is a business financial platform that provides banking services, expense management, invoicing, and accounting tools for SMEs. The company is not a bank but acts as an e-money institution in partnership with licensed banks to serve over two million members across the UK, India, France, and Germany.

Funding Details

Company Website: https://tide.co

Company: Tide
Raised: $120M
Round: Growth Capital
Funding Date: 2025
Lead Investor: TPG
Additional Investors: Apax Digital Funds
Software Category: Fintech
Source: https://tech.eu/2026/05/27/interview-oliver-prill-ceo-of-london-fintech-unicorn-tide/