About Tandem Bank
Tandem Bank is a company based in London (United Kingdom) founded in 2013 by Ricky Knox. It operates as a FinTech and Green Energy-as-a-Service. Tandem Bank has raised $308.7 million across 11 funding rounds from investors including Convoy, Quilam Capital and Qatar Investment Authority. Tandem Bank has completed 5 acquisitions, including Allium Money, Harrods Bank and Loop. Tandem Bank offers products and services including Savings Accounts, Motor Finance, Home Improvement Loans, and Mortgages. Tandem Bank operates in a competitive market with competitors including Starling Bank, Monzo, Revolut, Atom bank and Bunq, among others.
- Headquarter London, United Kingdom
- Founders Ricky Knox
- Stage Minicorn
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Tandem Bank Limited
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$308.7 M (USD)
in 11 rounds
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Latest Funding Round
$25.43 M (USD), Series C
Jun 01, 2023
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Investors
Convoy
& 6 more
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Employee Count
Not available
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Investments & Acquisitions
Allium Money
& 4 more
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Products & Services of Tandem Bank
Tandem Bank offers a comprehensive portfolio of products and services, including Savings Accounts, Motor Finance, Home Improvement Loans, and Mortgages.
Savings accounts are offered for earning interest securely.
Motor finance is provided for greener vehicle purchases.
Loans are provided for energy-efficient home improvements.
Mortgages are offered with energy efficiency discounts included.
People of Tandem Bank
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Software Development Team
8 people
Leadership Team
6 people
Finance and Accounting
6 people
Head Team
5 people
Sales and Marketing
4 people
Human Resources and Administration
4 people
Operations Team
3 people
Senior Team
3 people
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Funding Insights of Tandem Bank
Tandem Bank has successfully raised a total of $308.7M across 11 strategic funding rounds. The most recent funding activity was a Series C round of $25.43 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Tandem Bank
Tandem Bank has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Convoy, Quilam Capital and Qatar Investment Authority.
| Investor | Description | Founded Year | Domain | Location |
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Quilam Capital is engaged in providing growth capital and senior debt solutions.
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Investments are made in digital society, education, and employability sectors.
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Early, growth & late stage VC firm investing in the US
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Investor details for Tandem Bank
Investor domains, locations, round participation, and complete history require an active premium plan.
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- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Tandem Bank
Tandem Bank has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Allium Money, Harrods Bank and Loop.
Investment portfolio details for Tandem Bank
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Loop is developed as a money-sharing application for friends.
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Green energy loans are provided via an online marketplace.
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Locked | Locked | 2016 | Locked | |
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Automated personal finance management
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Locked | Locked | 2014 | Locked |
Complete acquisition details for Tandem Bank
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Financial Statements - Tandem Bank
Detailed financials for Tandem Bank
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Tandem Bank Comparisons
Peer comparison for Tandem Bank
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- Named peers
- Headcount comparison
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Competitors of Tandem Bank
Tandem Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Starling Bank, Monzo, Revolut, Atom bank and Bunq, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital banking services are offered to consumers and businesses.
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Internet first bank for individuals and businesses
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Banking solutions are provided for retail customers and businesses.
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Digital banking services are provided for individuals and businesses.
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Digital banking services are offered to individuals and businesses.
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SME-focused banking services are offered to consumers and businesses.
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Detailed competitors of Tandem Bank
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- Domains and locations
- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Tandem Bank
Complete news archive for Tandem Bank
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Tandem Bank
Tandem Bank was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Tandem Bank is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Tandem Bank is a funded company, having raised a total of $308.7M across 11 funding rounds to date.
Tandem Bank is established as a digital banking entity in the United Kingdom, emphasizing sustainable and green financial solutions. Services are provided in sectors such as savings, motor finance, home improvement loans, and mortgages, with a focus on promoting energy efficiency and environmental sustainability. Deposits are utilized to fund greener choices for customers, including solar panel installations and electric vehicle purchases. Tools and resources are offered through the Green Hub to help customers reduce their carbon footprint and live sustainably.
Tandem Bank's top competitors include Revolut, Monzo and Starling Bank.
Tandem Bank offers Savings Accounts, Motor Finance, Home Improvement Loans, and Mortgages.
Tandem Bank has made 5 acquisitions, including Allium Money, Harrods Bank, and Loop.
Tandem Bank has 7 investors. Key investors include Convoy, Quilam Capital, Qatar Investment Authority, Omidyar Network India, and Route 66 Ventures.
The valuation of Tandem Bank is $200.1M as of Jul 2019.