UK-based fintech Tide, serving over 1.6 million micro and small enterprises globally, has achieved unicorn status after securing $120 million in funding led by TPG. The funding round values Tide at $1.5 billion. India is Tide's largest and fastest-growing market, with over 800,000 businesses onboarded since December 2022. Tide offers a unified business platform with tools for accounting, invoicing, loans, and more. The company plans to expand geographically, enhance its product, and invest in AI with the new funding.

Prepared by Christopher Adams and reviewed by editorial team.