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New Deal


Announced

Completed

Apax led a $100m Series C funding round in Tide.

Financials

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Transaction Value£71m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

FinTech

Venture Capital

Public

Minority

United Kingdom

digital business banking

Acquisition

Completed

Friendly

Private Equity

Synopsis

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Apax led a $100m Series C funding round in Tide, a business financial platform and the digital challenger in business banking services. Additional Investors include Anthemis, Augmentum, Local Globe, SBI, Jigsaw and SpeedInvest. “Tide’s growth story to date has been hugely exciting, creating a diverse platform that serves small business owners, as well as generating significant market share. As we embark on taking Tide international, we couldn’t have a better set of investors to support us. We look forward to working with Apax Digital to realise our ambition of becoming a leading global business financial platform,” Oliver Prill, Tide CEO.

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