About Tandem Bank
Tandem Bank is a Financial Services company based in London (United Kingdom) founded in 2013 by Ricky Knox. Digital banking services for consumers are delivered through online platforms. It operates on a FinTech and Green Energy-as-a-Service model. 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 was last valued at $200.1 million in July 2019. Its website tandem.co.uk draws about 134 thousand monthly visits. Tandem Bank offers products and services including Savings Accounts, Motor Finance, Home Improvement Loans, and Mortgages. Its focus areas include Banking and Digital Banking. Its legal entity is Tandem Bank Limited. Its competitors include Starling Bank, Monzo and Revolut; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Founders Ricky Knox
- Stage Minicorn
- SectorsFinancial Services
- Website category Finance · Financial Planning and Management
- Email••••••••
- Phone•••• ••••
- Website tandem.co.uk
- Social LinkedIn X Facebook Instagram
- Legal Name Tandem Bank Limited
- Total Equity Funding$308.7M (USD)
in 11 rounds
- Latest Funding Round$25.43M (USD), Series C
Jun 2023
- InvestorsConvoy
& 6 more
- Investments & AcquisitionsAllium Money
& 4 more
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.
Apps and channels of Tandem Bank
Tandem Bank publishes 1 mobile app with over 100K+ downloads.
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.
- Total Funding $308.7M
- Total Rounds 11
- Last Round Series C — $25.43M
- Investors Count 7
Latest 10 of 11 funding rounds of Tandem Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $25.43M | Series C | – | – | |
| Mar 2020 | $77.45M | Series C | – | Qatar Investment Authority | – |
| Jul 2019 | $120,400 | Series C | $200.1M | – | – |
| Nov 2018 | $20.9M | Series C | $199.3M | Convoy | – |
| Jan 2018 | $108.18M | Series C | – | – | – |
| Apr 2017 | $4.66M | Series B | – | – | – |
| Oct 2016 | $20.8M | Series B | $••••• | – | – |
| May 2016 | $3.39M | Series B | $••••• | – | – |
| Apr 2016 | $31.36M | Series B | – | Omidyar Network India | |
| Feb 2015 | $16.4M | Series A | $••••• | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2019 | $200.1M | •••••••• |
| Nov 2018 | $199.3M | •••••••• |
| Oct 2016 | $••••• | •••••••• |
| May 2016 | $••••• | •••••••• |
| Feb 2015 | $••••• | •••••••• |
| Mar 2014 | $••••• | •••••••• |
Full valuation and stage history of Tandem Bank
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $200.1M (Jul 2019). 7 investors in total: 6 institutional and 1 angel.
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 |
|---|---|---|---|---|
Quilam Capital is engaged in providing growth capital and senior debt solutions. | 2017 | quilamcapital.com | London, United Kingdom | |
Investments are made in digital society, education, and employability sectors. | omidyarnetwork.in | Mumbai, India | ||
Early, growth & late stage VC firm investing in the US | route66ventures.com | Alexandria, United States | ||
Investments are made in early-stage tech startups across multiple sectors. | headline.com | San Francisco, United States | ||
A sovereign wealth fund backed by Qatar, managing investments and funds. | 2005 | qia.qa | Doha, Qatar | |
A money management platform is offered by Convoy. | 1993 | convoy.com.hk | Hong Kong, China | |
NM Nigel Morris | Co-founder of Capital One, angel investor via QED Investors, fintech focus | unknown_05a095eab5574afb9 |
Investor details for Tandem Bank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Tandem Bank
61 people are tracked at Tandem Bank (28 in leadership, 1 in board & advisors, 32 in team).
| Name | Role | Group |
|---|---|---|
Ricky Knox | Founder | Leadership |
John Llewellyn Jones | Executive Director | Leadership |
John Maltby | Executive Director | Leadership |
Dave Anderson | Sales Director (motor) Tandem Bank | Leadership |
Ruth Handcock | Chief Customer Officer | Leadership |
Catherine Diamond | Chief People Officer | Leadership |
Rick Keeble | Head Of Quality Service | Leadership |
Michelle Beattie | Director Of Operations | Leadership |
Ian Ashton | Head Of Portfolio Management | Leadership |
Geoffrey Clark | Head Of Finance | Leadership |
Kirsten Lightfoot | Head Of Talent & Development | Leadership |
Philip Stone | Head Of Servicing & Collections | Leadership |
Kate Nicholls | Head Of Delivery | Leadership |
Darvish Heshejin | Director Of Strategic Growth | Leadership |
Alex Walker | Head Of Recruitment | Leadership |
David Briggs | Managing Director - Motor Finance | Leadership |
Ryan Heaps | Deputy Chief Financial Officer | Leadership |
Sally Howcroft | Head Of HR | Leadership |
Paul McGarrigle | Chief Operating Officer | Leadership |
Steve Pitt | Head Of Procurement | Leadership |
41 more people are available in the full profile.
Complete people profiles for Tandem Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Loop is developed as a money-sharing application for friends. | loopmoney.com | London, United Kingdom | 2020 | Apr 2023 | •••• | |
Consumer loans are facilitated via an online application process. | myoplo.co.uk | Blackpool, United Kingdom | 2009 | Jan 2022 | •••• | |
Green energy loans are provided via an online marketplace. | alliummoney.co.uk | London, United Kingdom | 2016 | Aug 2020 | •••• | |
Automated personal finance management | pariti.com | London, United Kingdom | 2014 | Mar 2018 | •••• | |
Commercial banking services are provided to businesses and clients. | harrodsbank.co.uk | London, United Kingdom | 1893 | Jan 2018 | •••• |
Complete acquisition details for Tandem Bank
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Tandem Bank
9 dated milestones of Tandem Bank across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Tandem Bank is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Harrods Bank.
- Acquisition Acquires Pariti Technologies.
- Acquisition Acquires Allium Money.
- Acquisition Acquires Oplo.
- Acquisition Acquires Loop.
- Funding Latest funding round, Series C, of $25.4M.
Competitors of Tandem Bank
Tandem Bank has 3 listed competitors in our database, 3 of them funded. They include Starling Bank, Monzo and Revolut.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| starlingbank.com | 2014 | London, United Kingdom | $1.01B | 3,231 | Digital banking services are offered to consumers and businesses. | |
| monzo.com | 2015 | London, United Kingdom | $2.37B | 3,119 | Internet first bank for individuals and businesses | |
| revolut.com | 2015 | London, United Kingdom | $1.73B | 1,614 | Banking solutions are provided for retail customers and businesses. |
Detailed competitors of Tandem Bank
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Tandem Bank
The website of Tandem Bank (tandem.co.uk) receives about 133.6K visits a month and ranks #310,920 among all websites worldwide, #4,071 in Financial Planning and Management.
- Monthly visits133.6K
▲ 19.1% vs previous month
- Unique visitors43.9K
per month
- Global rank#310,920
among all websites
- Category rank#4,071
Finance · Financial Planning and Management
- Bounce rate35%
- Pages per visit3.0
- Average visit1 min 13 sec
- DevicesDesktop 18% · Mobile 82%
Websites whose visitors overlap most with Tandem Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| moneysavingexpert.com | 100% | 20.7M | #3,243 | View details | |
moneyfactscompare.co.uk | moneyfactscompare.co.uk | 91% | #120,538 | – | |
| monument.co | 85% | 37.6K | #392,357 | View details | |
fscs.org.uk | fscs.org.uk | 85% | #365,625 | – | |
good-with-money.com | good-with-money.com | 85% | #2,315,468 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Tandem Bank
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Banking & FinTech Platforms
3 companies that operate in the same segment as Tandem Bank (Banking & FinTech Platforms) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 180.56 M | 3,462 | ||
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.73 B | USD 5.95 B | 20,299 | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 2.37 B | USD 2.31 M | 3,786 |
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Related news about Tandem Bank
Complete news archive for Tandem Bank
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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. The company's 1st funding round was a Series A of $16.4M, raised on Mar 2014.
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.
Tandem Bank operates through Tandem Bank Limited.
Yes. Tandem Bank publishes Tandem Bank, with over 100,000 downloads.
The website of Tandem Bank receives about 134 thousand visits a month and ranks #310,920 among all websites worldwide.