What is Tide?
Established in 2018 and headquartered in London, Tide has emerged as a leading provider of business accounts tailored specifically for the SME sector. The company operates at the intersection of traditional banking and modern digital agility, offering a streamlined platform that simplifies financial management for business owners. By focusing on the unique pain points of small businesses—such as administrative efficiency and access to credit—Tide has positioned itself as a cornerstone of the UK's digital finance ecosystem. Its market position is defined by rapid user acquisition and a commitment to providing a comprehensive suite of financial tools that empower entrepreneurs to manage their cash flow and operational expenses with greater precision.
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, Passion Capital, Anthemis Group, and LocalGlobe
Unspecified (2018): $9M supported by Augmentum, LocalGlobe, Anthemis Group, Creandum, and Passion Capital
Series B (2019): $54.6M featuring Augmentum Fintech and The SBI Group
Series C (2021): $100M backed by Anthemis, Augmentum, and Apax Digital
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.
Creandum
Creandum is a leading European venture capital firm, supporting some of the most successful European technology companies such as Spotify, iZettle, and Klarna.
Anthemis Group
Founded in 2010 and headquartered in London, UK, Anthemis cultivates change in financial services by investing in, growing, and sustaining businesses.
What's next for Tide?
With the recent strategic investment, Tide is well-positioned to transition into its next phase of enterprise-level scaling. The company is expected to leverage this capital to refine its product roadmap, potentially expanding its suite of credit products and enhancing its automated accounting integrations. As the FinTech sector faces increased scrutiny regarding sustainability and profitability, Tide's focus on maintaining its growth momentum while optimizing its unit economics will be paramount. The firm's strategic roadmap likely includes further diversification of its revenue streams and a potential strengthening of its market share against both legacy banking institutions and emerging digital challengers.
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