Tide company profile: valuation, funding & revenue

This Tide company profile covers the company's valuation, revenue, funding rounds, investors and history. Tide works in fintech, with a focus on business banking for small businesses. It was founded in 2015 and is headquartered in London, England, United Kingdom. Its latest valuation on record is US$1.5 billion (September 2025). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Tide timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2015 — Tide is founded in London by George Bevis and co-founders.
• 2021 — Growth round: See source, valuing the company at About US$650M. Investors: Apax Digital Funds (lead).
• Sep 2025 — Strategic round: More than US$120M (primary and secondary), valuing the company at US$1.5B. Investors: TPG (The Rise Funds) (lead); Apax Digital Funds.
• September 2025 — Members: About 1.6 million members across the UK, India, Germany and France.

Investors

Overview

Tide is a business financial platform for small businesses, sole traders and freelancers. It offers business accounts opened through an app in minutes, along with invoicing, expense management, accounting integrations, card payments, credit and administrative services such as company registration. In the UK it's one of the largest providers of business accounts to small companies, and it has expanded into India, where it has become a major platform for micro, small and medium enterprises, as well as Germany and France. In September 2025 TPG led an investment that valued Tide at US$1.5 billion, making it a unicorn.

Tide was founded in 2015 by George Bevis and co-founders and launched in 2017. Oliver Prill later led the company as CEO for several years. Tide began as a digital alternative to traditional business banking, where opening an account for a small company often took weeks and required branch visits.

Products

• Business accounts: app-based accounts for limited companies and sole traders, with free and paid plans.
• Invoicing and payments: invoices, payment links and card acceptance.
• Expense management: cards for team members, receipt capture and categorisation.
• Accounting integrations: connections with accounting software, and its own accounting tools.
• Credit: business loans and credit lines, often through partners.
• Company formation and admin: help registering a company and other administrative services.
• Savings: business savings accounts through partners.

Funding

Tide raised early funding from investors including LocalGlobe and Anthemis, and a 2021 round led by Apax Digital Funds valued it at about US$650 million. In September 2025 it announced a strategic investment of more than US$120 million led by TPG through its impact-focused Rise Funds, with Apax Digital Funds supporting the round, at a valuation of US$1.5 billion. The round included both new shares and sales by existing shareholders, with the split not confirmed.

Business model

Tide earns revenue from subscription plans that add features and higher limits, interchange fees on card spending, fees on payments, interest on deposits, credit products and fees for services such as company formation. Its large base of members gives it opportunities to sell additional services, and its India business allows it to reach millions of small businesses in a fast-growing digital economy.

Competition

In the UK, Tide competes with Starling, Monzo Business, Revolut Business, Mettle (NatWest), Countingup, ANNA and traditional banks; for established SMEs, banks such as Allica Bank target a different segment. In India it competes with digital banking and payments providers serving small businesses, including Open, Razorpay and banks' own offerings. Its advantages are a large membership, a strong position with new UK companies and early scale in India.

Tide at a glance

Tide is a London business financial platform founded in 2015 by George Bevis and co-founders. It serves about 1.6 million members across the UK, India, Germany and France with accounts, payments, admin tools and credit. It was valued at US$1.5 billion in a TPG-led round in September 2025, up from about US$650 million in 2021.

Timeline

• 2015: founded in London.
• 2017: launches business accounts in the UK.
• 2021: raises a round led by Apax; plans for India.
• 2022: launches in India.
• 2024–2025: expands to Germany and France.
• September 2025: raises more than US$120 million at US$1.5 billion led by TPG.

The India opportunity

India has tens of millions of micro, small and medium enterprises, many of which are moving from cash to digital payments thanks to UPI and government digitisation programmes. Many lack easy access to business accounts, credit and simple financial tools. Tide's Indian business offers payments, accounts through partner banks and services tailored to small merchants. Its growth there has become a central part of the company's story, and India may eventually have more Tide members than the UK.

Agentic AI and small business admin

Tide has said part of the new funding will support AI, including AI agents that help members with administration such as bookkeeping, invoicing and compliance. Small business owners spend significant time on paperwork, and automating it could make business accounts more valuable than simple payment tools.

Who uses Tide

Tide's members include sole traders, freelancers, new limited companies, small shops, tradespeople and micro-businesses in the UK, India, Germany and France.

Valuation context

Tide's valuation more than doubled between 2021 and 2025, a strong result compared with many fintechs that raised in 2021. Our guide to the largest European startups provides comparisons.

Risks

• Competition: UK business banking is crowded with digital rivals.
• Interest rates: lower rates reduce deposit income.
• Execution abroad: India, Germany and France have different regulations and customers.
• Fraud and compliance: fast account opening requires strong controls.

Questions for business owners

• Is your money held by a bank covered by deposit protection or as e-money?
• What do paid plans include, and what are transaction fees?
• Does it integrate with your accounting software?

Tide's membership model

Tide calls its customers members, reflecting its aim to be more than a bank account. Members can start free, then pay for plans that add features such as higher limits, cash back, phone support or accounting tools. This lets Tide attract very small businesses that would never pay high bank fees, while earning more from those that grow. The broad membership also gives Tide a base for selling credit, insurance and admin services. The risk is that free and low-priced members cost money to serve, especially for compliance checks, so converting enough of them to paid plans or other products is essential to profitability.

Valuation per member

A US$1.5 billion valuation for about 1.6 million members implies investors value each member at roughly US$900, reflecting expectations of growing revenue per member from subscriptions, credit and services. Comparisons with listed small business platforms and digital banks will matter if Tide eventually goes public.

Latest developments (October 2026)

Tide has made India central to its growth. It said it would invest £500 million in India over five years from 2026 and add more than 800 jobs, according to Entrepreneur India, and it has passed two million members worldwide, including more than 1.1 million in India, according to The Tribune. It also launched in France in September 2025. See our largest UK startups guide.

What to watch

Watch India growth, European expansion, AI features and profitability.

Takeaways

Small businesses can open accounts quickly and manage admin in one app. Founders can see how expanding into India can transform a fintech's growth. Investors should watch international execution.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Bloomberg Government (Bloomberg)
2. Pulse 2.0