UK fintech Tide eyes unicorn status
Tide, the UK-based business banking fintech, is reportedly in talks about a funding deal that would make it the UK's next unicorn.
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According to Sky News, Tide is in advanced talks with Apis Partners, a UK-based fintech investor, about a new funding deal that would see its valuation rise above $1bn.
Apis has previously invested in UK fintechs such as digital wealth manager Moneybox and digital payments infrastructure provider Thunes, as well as a number of investments in India which is Tide's biggest market besides the UK.
The fintech has more than 650,000 SME customers in both India and the UK.
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