Source: Tide
Tide, the UK’s leading business management platform, has announced a strategic investment from TPG, a leading global alternative asset management firm. The investment raises Tide’s valuation to $1.5 billion and marks a significant milestone in the company’s growth journey. The funding will accelerate Tide’s international expansion, support rapid product development and advance its investment into agentic AI.
The primary and secondary investment, which totals over $120 million, was led by TPG and supported by existing investor the Apax Digital Funds. The investment underscores Tide’s position as one of Europe’s most successful late stage fintech companies.
Oliver Prill, chief executive officer of Tide, said: “Securing this investment from TPG is a major milestone for Tide and a strong endorsement of our growth as the leading global business management platform serving 1.6m members worldwide.”
“This funding will accelerate our international expansion, building on our highly successful and profitable UK business, where we support nearly 800,000 members with 14% of the SMB market. In India, we’ve seen rapid growth and now support over 800,000 Tide members. We’ve also launched in Germany, a large market with nearly 6 million SMEs, and very recently launched our affordable credit solutions as our first proposition in France. Over time, we’ll bring the full richness of Tide’s UK platform to each of our international markets.”
Tide’s mission is to save SMBs time and money so they can get back to doing what they love. SMBs are burdened by a myriad of business management tasks that are repetitive and time consuming. Incumbent solutions are complex, disjointed and rarely tailored for SMBs. Tide has created a connected business management platform, designed to tackle all SMB jobs to be done. Tide’s integrated platform is simple, intuitive, and a digital-first product that is easy to set-up in real-time.
Yemi Lalude, partner at TPG and head of Europe, Middle East & Africa for The Rise Funds, added: “Financial inclusion remains a global challenge for the millions of small businesses that are vital to economic growth and resilience.”
“Tide has built an industry-leading platform that empowers sole traders, micro-enterprises, and small firms across the UK, India, Germany with tailored products.”
“We are excited to support Tide’s mission to democratize access to financial and administrative services for SMEs, helping them thrive from inception through to growth. With this investment, we are proud to expand The Rise Funds’ global fintech portfolio, deepen our commitment to SME financial inclusion, and partner with the outstanding Tide team to accelerate their impact into new markets around the world.”
Along with the investment from The Rise Funds, Lalude will join Tide’s Board. Tide’s 1.6 million members use it to support their businesses in the UK, India, Germany and most recently France.
Morgan Stanley served as exclusive financial advisor and placement agent to Tide in relation to this investment. Torch Partners served as financial advisor to TPG.
