UK SME Fintech Platform Tide Raised $120 Million (Primary & Secondary) Funding at $1.5 Billion Valuation from TPG (The Rise Funds) & Apax Digital Fund, Founded in 2015 by George Bevis, Investors Include TPG, Apax, Augmentum Fintech, Anthemis Group, Augmentum Fintech, Passion Capital, Goodwater Capital, Salica Investments, Latitude, LocalGlobe, Speedinvest, Creandum, Rabo Frontier Ventures & SBI Group
24th September | Hong Kong
UK SME fintech platform Tide has raised $120 million (Primary & secondary) in funding at $1.5 billion valuation from TPG (The Rise Funds) & Apax Digital Fund. In 2025 May, UK SME fintech platform Tide was planning to sell shares via secondary share sale including possible new share issuance at $1 billion valuation. Tide was founded in 2015 by George Bevis. Tide investors include TPG, Apax, Augmentum Fintech, Anthemis Group, Augmentum Fintech, Passion Capital, Goodwater Capital, Salica Investments, Latitude, LocalGlobe, Speedinvest, Creandum, Rabo Frontier Ventures & SBI Group. About Tide – Launched in 2017, Tide is the leading business management platform in the UK. Tide helps SMBs save time (and money) in the running of their businesses by not only offering business accounts and related admin services, but also a comprehensive set of highly usable and connected administrative solutions from invoicing to accounting and adjacent commercial services such as web-site building. Tide has nearly 800,000 SME members in the UK (14% market share) and more than 800,000 SMEs in India. Tide launched in Germany in May 2024 and in France in September 2025. Tide has also been recognised with the Great Place to Work certification three years in a row. Tide has been 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 long-term ambition is to be the leading business management platform globally. The Rise Funds – The Rise Funds are a core pillar of TPG’s global impact investing platform. Founded in 2016 by TPG in partnership with Bono and Jeff Skoll, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on building and scaling solutions to the world’s most complex challenges. The Rise Funds deliver capabilities and expertise across a wide variety of sectors and countries at scale, focusing on opportunities in climate and decarbonization, education, financial inclusion, healthcare, and impact technology. TPG’s Impact Platform is the world’s largest of its kind, managing approximately $29 billion in assets across a family of funds that pursue non-concessionary returns and social and environmental impact at scale through growth equity, private equity, and infrastructure investing strategies.
“ UK SME Fintech Platform Tide Raised $120 Million (Primary & Secondary) Funding at $1.5 Billion Valuation from TPG (The Rise Funds) & Apax Digital Fund, Founded in 2015 by George Bevis, Investors Include TPG, Apax, Augmentum Fintech, Anthemis Group, Augmentum Fintech, Passion Capital, Goodwater Capital, Salica Investments, Latitude, LocalGlobe, Speedinvest, Creandum, Rabo Frontier Ventures & SBI Group “
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UK SME Fintech Platform Tide to Sell Shares at $1 Billion Valuation, Founded in 2015 by George Bevis, Investors Include Augmentum Fintech, Anthemis Group, Passion Capital, Goodwater Capital, Speedinvest, Creandum, Rabo Frontier Ventures & SBI Group
7th May 2025 – UK SME fintech platform Tide is planning to sell shares via secondary share sale including possible new share issuance at $1 billion valuation. Tide was founded in 2015 by George Bevis. Tide investors include Augmentum Fintech, Anthemis Group, Passion Capital, Goodwater Capital, Speedinvest, Creandum, Rabo Frontier Ventures & SBI Group. Profile – Tide helps SMEs save time (and money) in the running of their businesses by not only offering business accounts and related banking services, but also a comprehensive set of highly usable and connected administrative solutions from invoicing to accounting. Tide is transforming the small business banking market with over 1 million globally across the UK, India and Germany. Using advanced technology, all solutions are designed with SMEs in mind. With quick onboarding, low fees and innovative features, we thrive on making data-driven decisions to help SMEs save both time and money. Tide was named one of CB Insights global Fintech 250 and Beahurst’s The Fintech Top 50 for the UK in 2023. Tide has also been recognised with the Great Place to Work certification in 2023 and 2024.
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