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UK fintech Tide eyes unicorn status

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Tide, the UK-based business banking fintech, is reportedly in talks about a funding deal that would make it the UK's next unicorn.
Tide, a UK-based fintech company focused on providing banking services to small businesses, is reportedly in discussions to raise new funding that could value the company at over $1 billion, potentially achieving unicorn status. The company, which has already raised significant capital, including a $100 million round in 2021, is exploring options to secure additional investment to fuel its growth and expansion plans. Tide's services include business accounts, invoicing, and cash flow management tools, and it has been expanding its offerings to cater to the needs of its growing customer base of small and medium-sized enterprises (SMEs). The potential new funding round underscores the continued investor interest in fintech solutions that support the SME sector.

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