About Loop
Loop is a Technology company based in London (United Kingdom) founded in 2020 by Michelangelo Mirko Giacco, Ankit Tharwani, and Paul Pester, and was acquired by Tandem in April 2023. Loop is developed as a money-sharing application for friends. It operates on a FinTech model. The company has 4 employees. Its chief executive, as recorded, is Michelangelo Mirko Giacco. Loop offers products and services including Loop App. Its focus areas include Financials, Financial Services and FinTech. Its legal entity is Tandem Bank Limited. Its competitors include Hope Macy, PaidYou and TABBit; 2 of its 3 listed competitors have raised funding.
Company details
Loop is created as a financial technology solution to facilitate money sharing among friends. It is designed to help users split expenses, lend, and borrow money seamlessly. The app is built to manage payments, send reminders, and settle transactions without hassle. It operates within the financial services sector, focusing on personal finance management. Loop is supported by various UK banks and ensures secure transactions using interbank systems. The service aims to eliminate awkward conversations around money by automating payment notifications.
- Investors
- Employee Count4
- Acquired byTandem
(Apr 2023)
Products & Services of Loop
Loop offers a comprehensive portfolio of products and services, including Loop App.
Money sharing app for splitting, lending, borrowing easily.
Investors in Loop
Loop has secured backing from 1 investor. Prominent investors backing the company include Tandem Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Digital banking services for consumers are delivered through online platforms. | 2013 | tandem.co.uk | London, United Kingdom |
Investor details for Loop
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People of Loop
3 people are tracked at Loop (3 in leadership); the tracked headcount is 4.
| Name | Role | Group |
|---|---|---|
Michelangelo Mirko Giacco | Co-Founder & CEO | Leadership |
Ankit Tharwani | Co-Founder | Leadership |
Paul Pester | Co-Founder | Leadership |
Complete people profiles for Loop
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Timeline of Loop
2 dated milestones of Loop across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Loop is founded.
- Exit Acquired by Tandem.
Competitors of Loop
Loop has 3 listed competitors in our database, 2 of them funded. They include Hope Macy, PaidYou and TABBit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hopemacy.com | 2018 | Cardiff, United Kingdom | $1.88M | 11 | Shared expense management is facilitated for individuals and supporters. | |
| paidyou.co.uk | 2018 | Oldham, United Kingdom | A group expense management solution for personal and shared finances. | |||
| tabbit.uk | 2023 | London, United Kingdom | $404,989 | App-based payment sharing solution |
Detailed competitors of Loop
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Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Loop (Investment & Financial Technology) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online data source platform for information, analytics, and solutions for governments and financial markets | 1959 | London, England, United Kingdom | USD 1.41 B | |||
AI-based platform for automated personal spend management is provided. | 2016 | London, England, United Kingdom | USD 75.78 M |
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Related news about Loop
Complete news archive for Loop
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Frequently Asked Questions about Loop
Loop was founded in 2020.
Loop is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Michelangelo Mirko Giacco is the CEO of Loop, as recorded in our data. They have also founded this company.
Loop has 4 employees.
Loop is created as a financial technology solution to facilitate money sharing among friends. It is designed to help users split expenses, lend, and borrow money seamlessly. The app is built to manage payments, send reminders, and settle transactions without hassle. It operates within the financial services sector, focusing on personal finance management. Loop is supported by various UK banks and ensures secure transactions using interbank systems. The service aims to eliminate awkward conversations around money by automating payment notifications.
Loop offers Loop App.
Loop has 1 investor. Key investors include Tandem Bank.
Loop operates through Tandem Bank Limited.
Yes. Loop was acquired by Tandem in April 2023.