London-based Tide, a business management platform, has secured $120M (approximately €101M) funding led by TPG, a global alternative asset management firm, at a valuation of $1.5B (approximately €1.27B).

With this round, the UK management company achieves unicorn status. 

Oliver Prill, CEO of Tide, says, “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.” 

The investment was made through The Rise Funds, the multi-sector strategy of TPG’s global impact investing platform.

The fund has invested in more than 85 impact-focused companies, alongside mission-driven founders and entrepreneurs. 

As a part of the funding round, Lalude from The Rise Funds will join Tide’s Board.

Yemi Lalude, Partner at TPG and Head of Europe, Middle East & Africa for The Rise Funds, adds, “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, and 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.”

The round saw participation from the existing investor, the Apax Digital Funds.

Fund utilisation

The funding will accelerate the company’s international expansion, support rapid product development and advance its investment into agentic AI.  

“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,” says Prill.

At present, SMBs are burdened by a variety of business management tasks that are repetitive and time-consuming.

Incumbent solutions are complex, disjointed and rarely tailored for SMBs.

Here’s where the UK company addresses the problem through a connected business management platform, designed to tackle all SMB jobs to be done.

Tide: Helping SMEs save time and money

Launched in 2017, Tide helps small and medium-sized businesses (SMBs) by providing business accounts and administrative services, along with easy-to-use solutions like invoicing, accounting, and website building.

The company’s all-in-one business management platform provides integrated solutions such as expense management and payroll, easy-to-use business current and savings accounts, affordable credit options, seamless payment solutions, as well as connected sales tools such as acquiring and website building.

At present, the UK company has nearly 800,000 SME members in the UK (14 per cent market share) and more than 800,000 SMEs in India.

The company launched in Germany in May 2024 and in France in September 2025.

The company has been so far funded by Anthemis, the Apax Digital Funds, Augmentum Fintech, Creandum, Salica Investments, Latitude, LocalGlobe, SBI Group, Speedinvest and TPG, amongst others.

It employs more than 2,500 Tideans worldwide.

Tide’s 1.6 million members use it to support their businesses in the UK, India, Germany and most recently, France.

“Tide is already adopting AI at pace, and the investment will allow us to accelerate this. TPG’s support reinforces both our existing strategy and will help deliver our long-term growth potential,” adds Prill.