What is Tide?
Established in 2018 and headquartered in London, Tide has rapidly emerged as a leading force in the UK FinTech landscape. The company specializes in offering comprehensive business accounts tailored for small and medium-sized enterprises, aiming to streamline financial operations and reduce administrative burdens. Tide's innovative approach and user-centric platform have positioned it as a key player in the digital banking sector, catering to the evolving needs of the UK's SME market. Its rapid ascent highlights a strong product-market fit and a strategic vision for financial inclusion and efficiency.
How much funding has Tide raised?
Tide has raised a total of $432.6M across 7 funding rounds:
Angel/Seed
$2M
Series A
$14M
Unspecified
$9M
Series B
$54.6M
Series C
$100M
Debt
$133M
Other Financing Round
$120M
Angel/Seed (2016): $2M with participation from Passion Capital and LocalGlobe
Series A (2017): $14M led by Creandum, LocalGlobe, Anthemis Group, and Passion Capital
Unspecified (2018): $9M supported by Creandum, LocalGlobe, Augmentum, Anthemis Group, and Passion Capital
Series B (2019): $54.6M featuring Augmentum Fintech and The SBI Group
Series C (2021): $100M backed by Augmentum, Apax Digital, and Anthemis
Debt (2025): $133M with participation from Fasanara Capital
Other Financing Round (2025): $120M led by Apax Digital and TPG
Key Investors in Tide
Passion Capital
Passion Capital is a partnership of entrepreneurs and operators dedicated to supporting outstanding European founders in building technology companies, particularly in the fields of AI, FinTech, and Risk. They invest early in startups, often before they have a product or customers, focusing on founders with a compelling vision.
LocalGlobe
LocalGlobe is a venture capital firm that invests in early-stage technology companies, with a focus on European startups. They are known for their hands-on approach and deep understanding of the startup ecosystem, supporting founders from inception through growth stages.
Creandum
Creandum is a leading European venture capital firm, supporting some of the most successful European technology companies such as Spotify, iZettle, Trade Republic, Pleo, Depop, Klarna, KRY, Epidemic Sound and Small Giant Games. The Creandum funds are based in Guernsey and Sweden and are advised by advisory entities in Stockholm, Berlin, and San Francisco.
What's next for Tide?
With the recent influx of major strategic investment and substantial overall capital, Tide is poised for accelerated expansion and product development. The company is likely to leverage these resources to enhance its service offerings, potentially expanding into new markets or deepening its penetration within the UK. Further investment in technology and customer acquisition will be critical as Tide aims to solidify its position as the go-to financial platform for UK SMEs. The company's sustained access to significant capital indicates strong investor confidence in its business model and future prospects within the competitive FinTech arena.
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