Fintech Tide raises £88.8m led by TPG with Apax Digital Funds
At a glance
This article covers a primary and secondary investment on 22 September 2025 in Tide, a UK fintech business offering a business management platform for small and medium-sized businesses, led by CEO Oliver Prill. The investment totals £88.84m and was led by TPG’s The Rise Funds, with support from Apax Digital Funds.
What does Tide do?
Tide is a digital business management platform offering banking and accounting tools for small and medium-sized businesses. It helps businesses manage finances and routine administration in a single connected interface.
Why is Tide useful?
Problem
According to Sage research, small and micro businesses face many repetitive, time-consuming business management tasks that waste time and money. Existing tools are complex, disjointed and not tailored to small firms' needs.
Solution
Tide explains that it offers a connected, digital-first business platform that simplifies registrations, accounting and admin for SMBs. The platform integrates accounts, payroll, payments, lending and sales tools to save members time and money.
How much did Tide raise?
Tide raised £88.8m ($120m) in a funding round led by TPG’s The Rise Funds, alongside existing investor Apax Digital Funds, taking its valuation to £1.11bn ($1.5bn). This makes it the 3rd largest funding round in September 2025 (40 recorded). The deal is also 317th among UK investments this year (503 recorded) in the Startupmag database, as of 22 September 2025.
For details on how Startupmag compiles its rankings, view our Methodology.
Who invested in Tide?
The key investors in this round were:
- The Rise Funds: The Rise Funds is TPG’s global impact investing strategy, investing across multiple sectors in companies that pursue measurable social and environmental impact alongside financial returns.
- Apax Digital Funds: An investment fund focused on growth-stage technology and digital companies across Europe and globally.
In the funding announcement, Yemi Lalude from The Rise Funds said:
Financial inclusion remains a global challenge for the millions of small businesses that are vital to economic growth and resilience. Tide has built an industry-leading platform that empowers sole traders, micro-enterprises, and small firms across the UK, India, Germany with tailored products.
The investor said it will support Tide’s mission to broaden access to financial and administrative services for SMEs and will use the investment to expand The Rise Funds’ global fintech portfolio, deepen its commitment to SME financial inclusion and partner with Tide to accelerate expansion into new markets.
If you're researching potential backers in this space:
- Explore our list of Fintech venture capital firms in the UK
- Browse our directory of Fintech angel investors in the UK
Who founded Tide?
Oliver Prill is the founder of Tide.
In the funding announcement, Oliver Prill said:
Securing this investment from TPG is a major milestone for Tide and a strong endorsement of our growth as the leading global business management platform serving 1.6m members worldwide.
Where is Tide based?
Tide is based in London, UK.
What sector is Tide in?
Tide operates in the fintech sector. Fintech uses technology to deliver financial services, such as banking, payments and business tools. It helps people and small firms manage money and run their businesses more easily.
Key trends and challenges in Fintech:
AI adoption and model risk
Fintechs use AI for chatbots and automated credit checks, which raises privacy and explainability risks.
Tightening regulation and compliance costs
New rules like DORA and the FCA's Consumer Duty increase compliance costs and slow product launches.
Profitability pressures and market consolidation
Higher interest rates and customer-acquisition costs push fintechs toward mergers and cost-cutting.
For a deeper look at innovation in this space, see the latest funded Fintech startups in the UK
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