Tide Achieves Unicorn Status with $120 Million Funding
Published on September 22, 2025
Overview of Tide
British digital banking startup Tide has successfully raised $120 million, raising its valuation to an impressive $1.5 billion. This significant funding round officially earns Tide a spot among the UK’s burgeoning list of “unicorns,” or startups valued at over $1 billion.
Funding Details
The latest financing round was led by TPG Capital, a prominent investment firm, with participation from Apax Partners. This support not only signifies investor confidence in Tide’s business model but also underscores the growing interest in digital banking solutions.
Use of Funds for International Development
Tide plans to utilize the newly acquired capital to expand its international presence and enhance its investment in artificial intelligence technology. The company aims to leverage AI to streamline operations, thereby improving service delivery for small and medium-sized enterprises (SMEs).
About Tide’s Services
Founded in 2017, Tide specializes in providing accounting and administrative services tailored for small and medium-sized businesses. Its service offerings include invoicing, tax compliance, and website creation, aimed at simplifying the business management process for its users.
CEO’s Vision for Tide
Oliver Prill, CEO of Tide, expressed enthusiasm over the funding, stating, “The investment will allow us to accelerate our integration of AI. TPG’s support enhances our strategy and will facilitate long-term growth potential.” This vision indicates a proactive approach towards innovation and service enhancement.
Joining the Ranks of Other Digital Unicorns
Tide joins an elite group of British digital banking platforms such as Revolut and Monzo, both of which have also achieved unicorn status recently. Revolut, for instance, is currently valued at nearly $65 billion, showcasing the competitive landscape of digital finance in the UK.
Conclusion: The Future of Digital Banking
The rise of Tide highlights the growing importance of digital banking solutions in today’s financial ecosystem. As more startups achieve unicorn status, the future of finance appears increasingly digital and innovative, attracting significant investment and consumer interest.