Tide secures $120 million from TPG, valuation jumps to $1.5 billion

Share via:



UK-headquartered fintech startup Tide, which has around half of its customer base in India, has secured $120 million in a fresh funding round led by global alternative asset management company TPG, with existing investor Apax, another global private equity firm, also participating.

The round has valued Tide at around $1.5 billion, said Oliver Prill, the company’s chief executive officer.

This is a major valuation bump up for the 2017-founded startup. It had last raised a major equity funding round in 2021, from Apax, when it was valued at around…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Tide secures $120 million from TPG, valuation jumps to $1.5 billion



UK-headquartered fintech startup Tide, which has around half of its customer base in India, has secured $120 million in a fresh funding round led by global alternative asset management company TPG, with existing investor Apax, another global private equity firm, also participating.

The round has valued Tide at around $1.5 billion, said Oliver Prill, the company’s chief executive officer.

This is a major valuation bump up for the 2017-founded startup. It had last raised a major equity funding round in 2021, from Apax, when it was valued at around…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Hands-on with Bee, Amazon’s latest AI wearable

In early tests with a review unit of...

Meta plans to cut about 10% of employees in...

Meta plans to cut about 10% of the...

10-minute beauty service platform Dazzl raises $3.2 million, led...

On-demand beauty and wellness services platform Dazzl has...

Popular

iptv iptv iptv