UK Fintech Tide Achieves Unicorn Status with $120M Boost from TPG, Powered by India's Thriving Small Businesses

Imagine building a business empire across borders, starting from a small London office and finding your biggest allies in the bustling markets of India. That's the story of Tide, the UK fintech that's just leapt into unicorn territory with a fresh $120 million investment led by global powerhouse TPG. Valued at over $1 billion now, Tide's rise isn't just about the money—it's about empowering the everyday hustlers who keep economies alive: small and micro enterprises.

Founded in 2015, Tide has quietly grown into a lifeline for over 1.6 million such businesses worldwide. More than half of its users—around 800,000—are based in India, where the startup launched operations in 2021. These Indian entrepreneurs have been instrumental in scaling Tide's offerings, from seamless business banking to expense tracking and payment solutions tailored for those just starting out. The funding round, which also saw participation from existing backers like Goldman Sachs and Bain Capital Ventures, will fuel further expansion in key markets like the UK, India, and beyond. CEO and founder Oliver Brady called it a milestone that underscores their commitment to making finance accessible for all.

This unicorn status comes at a pivotal time for fintech, as investors pour billions into startups that bridge gaps for underserved segments. For small business owners in India and the UK, Tide's success means more innovative tools to compete on a global stage—think integrated accounting, faster loans, and reduced fees that can make or break a fledgling venture. As Tide eyes even broader horizons, it's a reminder of how cross-border collaboration is reshaping the financial world, one small business at a time.