UK Fintech Tide Achieves Unicorn Status with $120M Raise

London-based fintech company Tide Holdings Ltd. has secured $120 million in a funding round, boosting its valuation to $1.5 billion and officially achieving "unicorn" status. The investment was led by private equity firm TPG, with participation from existing investor Apax Digital Funds. This capital injection is designated to accelerate Tide's international expansion efforts and enhance its investments in agentic artificial intelligence. Tide CEO Oliver Prill confirmed that the company is already integrating AI and this investment will expedite that process. He further stated that TPG's backing "reinforces both our existing strategy and will help deliver our long-term growth potential." Established in 2017, Tide offers digital banking and business management services, including invoicing and website creation tools, specifically designed for small and medium-sized businesses. With its new valuation, Tide joins other notable British digital banking platforms such as Revolut and Monzo that have also attained unicorn status. This achievement highlights the ongoing dynamism and growth within the UK's fintech sector. The successful funding round demonstrates significant investor confidence in Tide's business model and its strategic path for future expansion.