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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The company, which counts India as its largest market alongside its home country UK, joins the unicorn club with the latest fundraise.
UK-based fintech company Tide on Monday raised over $120 million in a round led by private equity firm TPG. The funding round, a mix of primary and secondary investment, also saw participation from existing investor Apax Digital Funds and valued Tide at $1.5 billion.
Tide started out in 2017 and expanded to India in 2022. The country has since emerged as its largest market outside the UK. The startup has 800,000 small and medium enterprises as its customers in India. It has a similar customer base in the UK and 1.6 million globally.
The company intends to use the funding …
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
Europe’s largest fintech firm has its sights set on the Emirates. What can we expect?
An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
