About Tembo Money
Tembo Money is a company based in London (United Kingdom) founded in 2017 by Geoff Wright, Eddie Ross, and Richard Dana.. Tembo Money has raised $53.69 million across 6 funding rounds from investors including Aviva, Scottish Enterprise and Aviva India. Tembo Money has completed 1 acquisition, including Nude Finance. Tembo Money operates in a competitive market with competitors including Investec, HSBC, Hayfin, Aviva and FNZ, among others.
- Headquarter London, United Kingdom
- Founders Geoff Wright, Eddie Ross, Richard Dana
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Tembo Money Limited
- Date of Incorporation 29 May, 2020
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$53.69 M (USD)
in 6 rounds
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Latest Funding Round
$21.85 M (USD), Series C
Feb 12, 2026
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Investors
Aviva
& 13 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of Tembo Money
Tembo Money has successfully raised a total of $53.69M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $21.85 million completed in February 2026. 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 Total Funding
- Total Rounds 6
- Last Round Series C — $21.9M
- First Round First Round
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2026 | Amount | Series C - Tembo Money | Valuation | Gresham House Ventures | |
| Nov, 2024 | Amount | Series B - Tembo Money | Valuation | Goodwater Capital | |
| Apr, 2023 | Amount | Series A - Tembo Money | Valuation | Love Ventures , Aviva |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tembo Money
Tembo Money has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Aviva, Scottish Enterprise and Aviva India. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in consumer tech sectors are managed by Goodwater Capital.
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Founded Year | Domain | Location | |
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Investments are directed toward proptech, fintech, and consumer tech sectors.
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Founded Year | Domain | Location | |
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Ascension is recognized as a venture capital firm focused on early-stage tech investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tembo Money
Tembo Money has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Nude Finance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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App-based savings & mortgage platform
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tembo Money
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tembo Money Comparisons
Competitors of Tembo Money
Tembo Money 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 Investec, HSBC, Hayfin, Aviva and FNZ, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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Universal banking and financial advisory services are provided globally.
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Private debt investments are directed across multiple sectors.
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Insurance and asset management services are offered in multiple regions.
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Wealth management solutions are delivered for asset managers.
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Platform offering business intelligence solutions that combine data and actionable analytics for clients
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tembo Money
Frequently Asked Questions about Tembo Money
When was Tembo Money founded?
Tembo Money was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Tembo Money located?
Tembo Money is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Tembo Money?
Richard Dana is the current CEO of Tembo Money. They have also founded this company.
Is Tembo Money a funded company?
Tembo Money is a funded company, having raised a total of $53.69M across 6 funding rounds to date. The company's 1st funding round was a Series A of $6.23M, raised on Jun 01, 2019.
What does Tembo Money do?
Tembo Money was established in 2017 in London, United Kingdom, within the fintech sector focused on residential mortgages. An online platform is operated to connect first-time buyers with loan options, allowing deposits to be increased via shared mortgages across two properties. Provisions are made for family members to cover loan interest payments. Additionally, a comparison tool is supplied for evaluating residential mortgage brokers.
Who are the top competitors of Tembo Money?
Tembo Money's top competitors include Investec, Goldman Sachs and HSBC.
How many acquisitions has Tembo Money made?
Tembo Money has made 1 acquisition, including Nude Finance.
Who are Tembo Money's investors?
Tembo Money has 14 investors. Key investors include Aviva, Scottish Enterprise, Aviva India, Goodwater Capital, and Love Ventures.