**UK-Based Fintech Firm Tide Becomes Unicorn Thanks to India Expansion**
*By Dwaipayan Roy | Sep 22, 2025, 05:23 PM*
UK-based fintech company Tide has achieved unicorn status after raising $120 million in its latest funding round. The investment was led by TPG, valuing the eight-year-old startup at $1.5 billion. This round also included share sales from employees, early angel investors, and some minority stakeholders. Existing investor Apax Digital Funds participated as well, while TPG led the investment through its multi-sector impact vehicle, The Rise Fund.
**Expansion Strategy: Tide’s Journey into India**
Tide expanded into the Indian market in December 2022, aiming to tap into the country’s vast micro and small enterprise sector. India boasts around 60 million such businesses, employing over 250 million people. Since entering India, Tide has successfully onboarded more than 800,000 Indian businesses, surpassing its member base in the UK.
**Future Plans with the New Funding**
Tide offers a comprehensive range of services including accounting integrations, invoicing, business loans, asset finance, payroll, expense cards, and company registration. The platform collaborates with approximately 25 lenders to provide credit facilities to small businesses.
With the fresh capital injection, Tide plans to accelerate its geographic expansion, enhance its product offerings, and invest in agentic AI technology to better serve its customers.
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Tide’s growth story underscores the significant opportunities in emerging markets like India and highlights the potential of fintech solutions tailored to small and micro enterprises.
https://www.newsbytesapp.com/news/business/uk-based-fintech-tide-becomes-unicorn-after-120m-funding/story
