Apax Digital led the oversubscribed round, which values the business at over $650m.
"Partnering with Apax Digital validates Tide’s potential to continue our growth trajectory and gain traction in global markets."

SBI Holdings was established as a pioneer of Internet-based financial services, operating a financial conglomerate spanning securities, banking, insurance, and biotechnology.
Portfolio
4
companies

Tide
Tide operates a digital business financial platform for small enterprises.
Cleo
Cleo provides an AI powered digital assistant that helps young people manage their money.

B2C2
B2C2 provides liquidity and trading infrastructure for institutional cryptocurrency markets.
Elliptic
Elliptic provides cryptoasset risk management and blockchain analytics for financial institutions.
Apax Digital led the oversubscribed round, which values the business at over $650m.
"Partnering with Apax Digital validates Tide’s potential to continue our growth trajectory and gain traction in global markets."

The Series B round was led by EQT Ventures with backing from several existing investors and angels.
"We’re building Cleo to become the financial advisor that a billion people need. One that talks to you like a real person, able to build trust and relationships like a bank never could,"
SBI Financial Services acquired a minority stake in the digital asset trading firm to launch a strategic partnership.
"We expect a lot of synergies with B2C2, a firm which has a large number of clients globally and offers abundant liquidity, excellent price competitiveness, and a diverse suite of products for their customers. We will work to develop innovative new crypto products and deepen synergies across our group of companies."
The financing round was led by SBI Group and will support the company's growth in Asia and product development.