Published by Global Banking & Finance Review®
Posted on September 22, 2025
2 min readLast updated: January 21, 2026
Add as preferred source on Google
UK fintech Tide raises $120M at a $1.5B valuation, joining the unicorn club. Led by TPG, the funding supports AI and global expansion.
(Reuters) -British digital banking services startup Tide has raised $120 million at a valuation of $1.5 billion, it said on Monday, joining the list of fintech "unicorns" in the UK.
The funding round was led by private equity firm TPG and included Tide's exiting investor Apax Digital Funds.
The investment will help the company expand internationally and invest in agentic artificial intelligence, the London-headquartered firm said.
Founded in 2017, Tide offers small- and medium-sized businesses accounting and related administrative services, including invoicing and website building.
“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,” Tide's CEO Oliver Prill said.
Tide joins the likes of British digital banking platforms Revolut and Monzo that have gained unicorn status in the last few years. Revolut is likely to be valued at nearly $65 billion in its latest funding round, according to media reports.
Unicorns are unlisted startups valued at at least $1 billion.
(Reporting by Prerna Bedi in Bengaluru; Editing by Sahal Muhammed)
Fintech refers to financial technology, which encompasses software and other technologies used to provide financial services. It includes innovations in banking, payments, investment, and insurance.
Venture capital is a form of private equity financing that is provided to startups and small businesses with high growth potential in exchange for equity, or ownership stake.
Artificial intelligence (AI) is the simulation of human intelligence processes by machines, particularly computer systems. It includes learning, reasoning, and self-correction.
A unicorn startup is a privately held startup company valued at over $1 billion. The term reflects the rarity of such successful ventures.
Investment is the act of allocating resources, usually money, in order to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.
Explore more articles in the Finance category
