Tide Secures Strategic Investment to Expand Globally and Innovate with AI
Tide, the UK’s leading business management platform, announced a strategic investment from TPG, a global alternative asset management firm. The funding raises Tide’s valuation to $1.5 billion and supports international expansion, rapid product development, and investment in agentic AI.
The $120 million primary and secondary investment was led by TPG and supported by existing investor Apax Digital Funds. This move highlights Tide’s position as one of Europe’s most successful late-stage fintech companies. The funding came via The Rise Funds, TPG’s multi-sector impact investing strategy, which partners with high-growth companies to drive scalable, positive change alongside strong financial returns.
Oliver Prill, CEO of Tide, said, “This investment from TPG validates Tide’s growth as a leading global business management platform serving 1.6 million members worldwide. The funding will accelerate our international expansion and fuel product innovation, helping members save time and money.”
Tide is growing rapidly in India, supporting over 800,000 members, and has expanded into Germany and France. The company aims to bring its full UK platform, including business management, accounting, and admin tools, to international markets. Tide also plans to accelerate its AI adoption with this funding, improving member experiences globally.
Tide’s platform simplifies SMB operations by integrating accounting, payroll, expense management, business accounts, payment solutions, and sales tools. Its digital-first platform is intuitive, connected, and designed to tackle all SMB jobs-to-be-done efficiently.
Yemi Lalude, Partner at TPG and Head of EMEA for The Rise Funds, added, “Tide empowers sole traders, micro-enterprises, and small firms with tailored business solutions. This investment expands The Rise Funds’ fintech portfolio, promotes SME financial inclusion, and accelerates Tide’s impact in global markets.” Lalude will also join Tide’s Board.
With 1.6 million members across the UK, India, Germany, and France, Tide’s mission is to simplify business management for SMBs and help them focus on growth, while delivering accessible and connected financial solutions.
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News Source: Businesswire.com
