UK’s Tide raises $100 million in series-C funding round led by Apax Digital Fund

HYDERABAD: UK-based business financial platform Tide, which has a development centre in Hyderabad, on Monday said it has raised over $100 million in Series-C funding, putting the company’s total funding at $200 million to date.

The funding round was led by funds advised by Apax Digital, the growth equity team of Apax Partners. Others like Anthemis, Augmentum, Jigsaw, Local Globe / Latitude, SBI, and SpeedInvest, along with existing investors also participated in the round.

The new funding puts Tide in a position to continue to develop its business financial platform, grow market share as well as expand globally, it said.