**UK-Based Fintech Firm Tide Becomes Unicorn Thanks to Its Success in India**
*By Dwaipayan Roy | Sep 22, 2025, 05:23 PM*
UK-based fintech company Tide has officially achieved unicorn status after raising $120 million in its latest funding round. Led by investment giant TPG, this round values the eight-year-old startup at an impressive $1.5 billion.
The funding round involved share sales from employees, early angel investors, and some minority stakeholders. Existing investor Apax Digital Funds also participated, while TPG made its investment through its multi-sector impact vehicle, The Rise Fund.
**Tide’s Expansion Journey into India**
In December 2022, Tide expanded its operations into India, targeting the country’s vast micro and small enterprise sector. India boasts around 60 million small businesses that employ over 250 million people, presenting a significant growth opportunity.
Since entering the Indian market, Tide has successfully onboarded more than 800,000 Indian businesses—surpassing its entire customer base in the UK. This rapid growth in India has been a crucial driver behind the company’s unicorn valuation.
**Future Plans with the New Funding**
Tide offers a suite of services tailored for small businesses, including accounting integrations, invoicing, business loans, asset finance, payroll, expense cards, and company registration. The platform partners with approximately 25 lenders to provide credit solutions for small enterprises.
With the fresh influx of capital, Tide aims to accelerate its geographic expansion, enhance its product offerings, and invest in agentic AI technology to better serve its customers and streamline operations.
Tide’s journey highlights the potential of combining fintech innovation with emerging markets like India to fuel rapid growth and global success.
https://www.newsbytesapp.com/news/business/uk-based-fintech-tide-becomes-unicorn-after-120m-funding/story