Tide Revenue, Valuation, Funding & Investors

Tide is valued at $1.5B as of September 2025, a 6.7x multiple on its last reported $225M revenue.

See full Tide profile

Last Tide valuation

$1.5B

Undisclosed stage · Sep 2025

Last Tide funding round

$120M

Undisclosed stage · Sep 2025

Tide revenue

$225M

Undisclosed stage · Sep 2025

Key investors in Tide

  • Anthemis
  • Creandum
  • Passion Capital
  • Augmentum Fintech
  • LocalGlobe
  • Speedinvest

Tide Overview

About Tide

London-headquartered Tide is a business banking platform offering current accounts, invoicing tools, expense tracking, payroll processing, and integrations with accounting software like Xero and QuickBooks. The service supports company registration, virtual and physical Mastercard debit cards, savings pots with interest, and access to loans via partnerships with lenders such as iwoca. Tide serves over 500,000 businesses across the UK with features including real-time payments, automated VAT reconciliation, and fraud monitoring.


Founded

2015

HQ

United KingdomLondon

Website

tide.co

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$225M (Sep 2025)

Valuation

$1.5B (Sep 2025)

Tide Valuation

Tide is currently valued at $1.5B, based on its undisclosed-stage round in September 2025.

The $120M round was led by The Rise Fund and TPG, with participation from Apax Digital.

Tide's valuation has grown 6.0x from $250M at its Series B in October 2019 to $1.5B in September 2025, across 3 priced rounds.

Tide valuation by funding round

Revenue multiple
Tide valuation by funding round
DateStageValuationRevenue Multiple
Sep 2025Undisclosed stage$1.5B6.7x
Jul 2021Series C$650M-
Oct 2019Series B$250M-

Tide Revenue

Tide's latest recorded revenue is $225M, as of its undisclosed-stage round in September 2025. At a $1.5B valuation, that implies a 6.7x revenue multiple.

Tide revenue by funding round

Tide revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2025$225M$1.5B6.7xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Tide Funding History

Tide has raised a total of $312M across 7 funding rounds.

Tide's first fundraising round was a $2M seed round in July 2016. The most recent completed round was a $120M undisclosed-stage round in September 2025.

Tide funding rounds

Tide funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2025Undisclosed stageThe Rise Fund (lead); TPG (lead); Apax Digital$120M$1.5BTide is a UK-based business management platform founded in 2017 that provides an all-in-one digital solution for small and medium-sized enterprises. The platform offers accounting, expense management, payroll, payments, business accounts, credit solutions, and sales tools such as website building. As of the September 2025 funding round, Tide served 1.6 million members worldwide, with approximately 800,000 in the UK (representing 14% of the SMB market) and over 800,000 in India, its largest and fastest-growing market. The company had also recently expanded into Germany and France. In September 2025, Tide secured a strategic investment of over $120 million led by TPG through its impact investing division The Rise Fund, with support from existing investor Apax Digital Funds. The funding round consisted of both primary and secondary investments, including share sales by employees and early investors, and valued the company at $1.5 billion, achieving unicorn status. TPG partner Yemi Lalude joined Tide's board as part of the investment. The company stated it would use the capital to accelerate international expansion, support rapid product development, and advance investment into agentic AI. Tide is already profitable in its UK operations and employs over 2,500 people globally. In May 2025, the company had also secured a £100 million securitization debt facility from Fasanara Capital to support its Tide Credit Flex working capital solution.
Jul 2021Series CApax Digital (lead); JIGSAW; LocalGlobe; SquareOne Capital; Anthemis; SBI Holdings; Speedinvest; Augmentum Fintech$100M$650MTide is a UK-based business financial platform launched in 2017, offering services including business banking, payments, and accounting software to small and medium-sized enterprises (SMEs). By July 2021, it had grown rapidly, serving over 350,000 members and more than 400,000 business accounts, capturing around 6% of UK businesses, with 2020 seeing its user base more than double. The platform announced expansion into India earlier that year, planning a full launch in 2022, and committed to investing £100m and creating 1,000 jobs over five years there. On July 12, 2021, Tide raised $100 million (equivalent to £72 million) in an oversubscribed Series C funding round led by Apax Digital, with participation from existing investors Anthemis, Augmentum Fintech, JIGSAW, LocalGlobe, SBI Group, Speedinvest, and others including SquareOne Capital. The post-money valuation reached over $650 million after this round, bringing total funding raised to $200 million across prior rounds like a $44 million Series B in 2019. The investment, subject to FCA approval, aimed to fuel product development, increase UK market share, and support international expansion. Tide partnered with ClearBank and received nearly $120 million in grants from the RBS Alternative Remedies Package. CEO Oliver Prill highlighted the partnership with Apax Digital as validation for global growth ambitions. Apax Digital partners emphasized Tide's mission to simplify financial services for underserved small businesses worldwide. The company competed with players like Revolut and Monzo in the digital payments space.
Oct 2019Series BAugmentum Fintech (lead); SBI Holdings (lead); Jigsaw VC; Creandum; Anthemis; MS&AD Ventures; Latitude; Salica Investments; Rabo Frontier Ventures$57M$250MTide is a UK-based digital banking platform providing small and medium-sized enterprises (SMEs) with business banking services, including current accounts, real-time balance updates, automated bookkeeping, integrated invoicing, multiple accounts, expenditure categorization, and customer support via webchat. Founded in 2017 by George Bevis and led by CEO Oliver Prill, it partners with ClearBank and targets the SME market, aiming for significant UK market share. In late 2019 (around October 7-8), Tide raised £44.1m ($54.3m) in its first Series B funding round, co-led by SBI Investment (SBI Group subsidiary) and Augmentum Fintech, with the valuation reported at nearly $250m or more than $247m. Investors included prior backers such as Anthemis, Creandum, LocalGlobe, Passion Capital, and others like Jigsaw VC. This followed a $14m Series A in 2017 and earlier seed/convertible rounds, marking one of the largest UK fintech Series B rounds at the time. The funds were intended to accelerate UK market share growth (from 1.75% in August 2019, targeting 8% by 2023), product development, recruitment, and international expansion preparation. At the time, Tide had surpassed 100,000 members in August 2019, managed over 100,000 business accounts, served about 1.75-6% of UK businesses, and approached 1% market penetration with around 10% of new business current accounts. Augmentum's interim report for six months ended September 30, 2019, noted £5.485m turnover and pre-tax losses of £12.663m, with Tide holding 5.4% fully diluted ownership valued at £11.4m (cost £7.8m). Tide continued growth post-round, securing a Series C in 2021 at over $650m valuation raising $100m led by Apax Digital, doubling total funding to $200m, and later reaching $1B in 2025. The 2019 Series B positioned it to challenge traditional UK SME banking oligopolies.
Dec 2018Series AAugmentum Fintech (lead); Goodwater Capital (lead); Speedinvest (lead); Creandum; Anthemis; Passion Capital$8M-Tide raised USD 8 million in a convertible note round in December 2018 led by Augmentum Fintech, Goodwater Capital, and Speedinvest to support operational growth and enhance product offerings. The company, a UK-based digital banking platform for SMEs, offers services including current accounts, real-time balance updates, automated bookkeeping, and integrated invoicing. Tide had previously raised USD 10.5 million in an August 2018 convertible note led by Augmentum Fintech for product development and market expansion.
Aug 2018Series AAugmentum Fintech (lead); Creandum; Anthemis; Passion Capital$11M-Tide, a UK-based digital business banking platform for SMEs, raised $10.5 million in August 2018 from lead investor Augmentum Fintech (£3 million convertible note) alongside existing backers Anthemis, Creandum, Passion Capital, and Local Globe. The funding, equivalent to £8 million, supported rapid expansion, product development, and new features to reduce administrative burdens for small businesses. Tide offers fee-free current accounts with charges for transfers and ATM withdrawals, automated bookkeeping, expense tracking, and quick credit lines up to £15,000. This round followed Tide's $14 million Series A in 2017 led by Anthemis and Creandum, used to expand the London team and technology. Tide positions as a challenger bank disrupting traditional services with digital tools for real-time balances, invoicing, and cash flow management.
Jul 2017Series AAnthemis (lead); Creandum (lead); LocalGlobe; Passion Capital$14M--
Jul 2016SeedPassion Capital (lead); Ian Hogarth; Jason Goodman; LocalGlobe; Greg Marsh; William Reeve; Alexander Chesterman; Errol Damelin$2M--

Who has invested in Tide?

24 investors have backed Tide across its funding rounds, including Anthemis, Creandum, Passion Capital, Augmentum Fintech, LocalGlobe and Speedinvest.

Lead investors include The Rise Fund, TPG, Apax Digital, Augmentum Fintech, SBI Holdings and 5 other investors.


Tide Investors

Investors in Tide by funding rounds participated
InvestorHQRoundsRoleFirst check
AnthemisUnited KingdomLondon5LeadJul 2017
CreandumSwedenStockholm4LeadJul 2017
Passion CapitalUnited KingdomLondon4LeadJul 2016
Augmentum FintechUnited KingdomLondon4LeadAug 2018
LocalGlobeUnited KingdomLondon3ParticipantJul 2016
SBI HoldingsJapanTokyo2LeadOct 2019
SpeedinvestAustriaVienna2LeadDec 2018
Apax DigitalUnited StatesNew York City, NY2LeadJul 2021
Jigsaw VCJerseySt. Helier1ParticipantOct 2019
JIGSAWCanadaVancouver1ParticipantJul 2021
Ian HogarthUnited KingdomLondon1ParticipantJul 2016
Jason GoodmanUnited KingdomLondon1ParticipantJul 2016
SquareOne CapitalUnited StatesMiami, FL1ParticipantJul 2021

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Acquisitions by Tide

Tide has acquired 2 companies to date.

Last acquisition by Tide was on October 22nd 2024. Tide acquired Onfolk for undisclosed valuation.


Latest Acquisitions by Tide

Onfolk
Funding Options
Description
Onfolk is a payroll and HR software provider based in Lisbon. Its API handles time-off requests, pension contributions, onboarding workflows, payroll processing, and integrations with accounting systems for European employers, streamlining compliance with local labor regulations.
Funding Options is a London-based fintech platform matching UK SMEs with over 100 lenders for loans, asset finance, and invoice funding. Recognized by SWIFT and Banking Technology awards, it delivers indicative offers in minutes via API integrations with banks like NatWest and comparison sites like MoneySuperMarket. The company processes thousands of applications monthly for businesses nationwide.
HQ CountryUnited KingdomUnited Kingdom
HQ City
Stratford-upon-Avon
London
Deal Date22 Oct 202429 Nov 2022
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Tide

Tide has invested in 1 company to date.

Latest investment by Tide was on April 9th 2026. Tide invested in Round Treasury in their $6M Seed round.


Latest Investments by Tide

Round Treasury
Description
Round Treasury is a London-based treasury management platform for startups optimizing excess cash. It aggregates hundreds of UK savings accounts for yields up to 5 percent, maximizes FSCS protection up to £85,000 per institution, and automates transfers. The service minimizes FX risk for international teams.
HQ CountryUnited Kingdom
HQ City
London
Deal Date9 Apr 2026
RoundSeed
Raised$6M
InvestorsGoCardless; Passion Capital; BACKED VC; Monzo; Love Ventures; Alstin Capital; Paul Forster
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Tide Competitors

Tide competitors include listed companies like BILL.com and Corpay, and private ones like Jeeves, Moss, Payhawk and Pleo.

Public and private companies comparable to Tide
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
JeevesUnited StatesMiami, FLPrivate$40M-$2.1B52.5x
MossGermanyBerlinPrivate--$1.2B-
PayhawkBulgariaSofiaPrivate$45M-$1B-
BILL.comUnited StatesUnited StatesPublicly listed$1.7B$34M$4.1B2.4x
PleoDenmarkCopenhagenPrivate$100M-$4.7B47.0x
CorpayUnited StatesUnited StatesPublicly listed$4.5B$2.4B$27B6.8x

Tide Public Comps

Tide is still privately-owned, but its public comps include Freee, BlackLine, Evertec, 74Software, Fawry, PicPay, Deluxe, Vertex, Eurowag and Worldline.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Freee$214M$6M6.3x4.8x237.7x65.4x
BlackLine$700M$72M2.6x2.5x25.6x8.5x
Evertec$932M$330M3.0x2.7x8.6x6.8x
74Software$814M$112M1.9x1.8x13.7x9.8x
Fawry$166M$73M6.8x5.2x15.4x9.6x
PicPay$1.2B$205M1.0x0.5x6.0x3.8x
Deluxe$2.1B$379M1.2x1.2x6.7x5.6x
Vertex$748M$103M2.8x2.6x20.5x10.8x

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Common questions about Tide

When was Tide founded?Tide was founded in 2015.
Where is Tide headquartered?Tide is headquartered in London, United Kingdom.
Is Tide publicly listed?No, Tide is a private, VC-backed company.
What is Tide's valuation?Tide was last valued at $1.5B in its undisclosed-stage round in September 2025.
How much funding has Tide raised?Tide has raised $312M across 7 funding rounds.
What was Tide's last funding round?Tide's last funding round was a $120M undisclosed-stage round in September 2025, led by The Rise Fund and TPG.
Who are Tide's investors?Tide's investors include Anthemis, Creandum, Passion Capital, Augmentum Fintech, LocalGlobe, SBI Holdings, Speedinvest, Apax Digital, Jigsaw VC, JIGSAW and 14 others.
What is Tide's revenue?Tide's latest recorded revenue is $225M (September 2025).
What is Tide's revenue multiple?Tide's latest valuation implies a 6.7x revenue multiple ($1.5B valuation on $225M of revenue).
Which companies are comparable to Tide?Companies comparable to Tide include Jeeves, Moss, Payhawk, BILL.com, Pleo and Corpay.
How many companies has Tide acquired?Tide has acquired 2 companies, including Onfolk and Funding Options.
How many companies has Tide invested in?Tide has invested in 1 company, including Round Treasury.
What was Tide's last investment?In April 2026, Tide invested in Round Treasury's $6M seed round alongside GoCardless, Passion Capital, BACKED VC and 4 other investors.

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