Supported by small companies in India, the United Kingdom becomes TPG.

Fintech UK -based Tide Unicorn Club has entered with a new financing of $ 120 million led by TPG, as the startup now serves more than 1.6 million small and small institutions in the world-with more than half of it in India, the largest market for the company and its fastest growth.

The new round-a mixture of initial and secondary investment, although the startup refused to confirm the accurate division-the eight-year operation is estimated at $ 1.5 billion. The stock sales include employees, early angels, and a few minority investors. TPG has supported the tour through the multi -sectors influence vehicle, The Rise Fund, which has invested in more than 85 task -based companies. The current investor, APAX Digital Funds, also participated.

On the global level and small and small institutions, including contractors, independent, and businessmen, they spend a great time in business administration tasks such as accounting, bills, taxes, loan insurance, payment management and expenses. While traditional banks and start -emerging companies provide services to this sector, most solutions are not designed for this purpose to meet their unique needs. Tide aims to change this through its unified business platform, as it provides designed tools such as accounting integration, bills, business loans, asset financing, salary statements, expense cards, and even the company’s registration.

Starting Firing In the UK in 2017, Tide expanded to India in December 2022 to take advantage of the country’s vast base for small institutions – About 60 million small and small companies Use more than 250 million people, according to the recent Indian government data. Since its entry, Tide has aboard more than 800,000 Indian companies, which it refers to as “members” – bypassing the base of its members in the United Kingdom of about 800,000 in the United Kingdom, where Tide is already profitable, the company serves about 14 % of the country’s small and medium business market.

“There is a great direction to give the official character. So, our biggest enemy is criticism, not any competitors,” TIDE CEO, TIDE CEO, said in an interview.

“In India, there is a discussion, as the growth rate slowed down slightly, but it is still very impressive. You look at continental Europe or the United Kingdom, the growth rate is much lower,” he told Techcrunch.

Tide estimates that about four million small and small companies are launched in India every year. These companies usually seek support in areas such as access to formal credit, acceptance of the unified government -backed government payments (UPI) for payments, and the mobility in the country’s indirect tax system, and goods and services tax. Tide serves them through its digital platform, available as an application on both iOS and Android.

An emerging company in the United Kingdom expects to outperform a million companies in India by the end of this year, and is already witnessing a strong demand from the cities of the 3 and beyond levels (referring to the smaller and least prepared cities with limited digital and financial infrastructure).

In India, Tide works with about 25 lenders on its platform to facilitate credit for small companies, while recommending partners based on the needs of each work. The company also provides services such as fixed deposits, bills payments, bank transfers and cash withdrawals through ATMs.

In addition to the United Kingdom and India, Tide was launched in Germany in May 2024 and expanded to France earlier this month. The start starting offers a dedicated experience in each market, including local language support.

Through new financing, Tide plans to expand geographically, enhance its product, and invest in AIGEAC AI.

The start starting covers a set of financing services already, but there are still some gaps that must be filled. “In the next few months and four months, you will see some major developments in this field,” Brail said, referring to the launch of the upcoming products that enable the latest financing round.

Tide is currently employing more than 2,500 people in its global operations.