Tide, a UK-based business banking fintech, is reportedly in discussions regarding a funding deal that could elevate its valuation to over $1 billion, potentially making it the UK’s next unicorn.
According to Sky News, Tide is in advanced talks with Apis Partners, a UK fintech investor. Apis has previously invested in several UK fintechs, including digital wealth manager Moneybox and payments infrastructure provider Thunes, along with various investments in India, which represents Tide’s largest market outside the UK.
The fintech currently serves over 650,000 SME customers in both India and the UK.