Tandem Bank Raises £20M in Funding

Tandem Bank, a Blackpool, UK-based digital bank, secured £20m in Tier 2 capital.

Quilam Capital – a growth investor with expertise in the speciality finance sector – made the investment.  

The company intends to use the funds to continue to expand operations and its business reach. ì

Tandem is building a purpose-led digital banking platform.

Led by Alex Mollart, Chief Executive Officer, Tandem Bank is a digital bank focused on helping households reduce their carbon footprint and supporting the UK’s transition to a carbon neutral economy. It offers sustainable ways to save, borrow, spend and share with savings, home improvement loans, mortgages, motor financing and consumer sharing offerings. Underpinning these propositions is a fintech banking platform, that includes an app and a digital franchise that supports a network of financial advisers and brokers.

FinSMEs

07/07/2023