TPG Leads Funding for UK Fintech Tide at $1.5 Billion Valuation

Tide Holdings Ltd., a UK business management platform, said it’s now valued at $1.5 billion after a share sale to help fund its international growth.

The London-headquartered fintech said the $120 million funding round was led by a strategic investment from new backer TPG and supported by existing investor Apax Digital Funds, according to a statement on Monday.

Tide offers business banking and other services to some 1.6 million small to medium enterprises in the UK, India and Germany, and launched its French operation this month. Tide was last valued at around $650 million in 2021, following a funding ...