Tandem
- Company typePrivate
- Founded2013
- HeadquartersLondon, United Kingdom
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
Tandem firmographics
Firmographics- Name
- Tandem
- Legal name
- Tandem Bank Limited
- Website
- https://tandem.co.uk
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Tandem industry classification
Industry- Product category
- Digital Banking
- NAICS
- Depository Credit Intermediation (5221), Sales Financing (52222)
- SIC
- Personal Credit Institutions (6141), Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Digital Banking & Neobank Platforms (BPAMAFAD)
- akta.pro secondary industry
- Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)
Keywords
Where Tandem is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Tandem business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Interest Income from Lending: Interest income generated from lending activities including motor finance, mortgages, and other loan products. Core revenue driver for the bank.
- Banking Services Fees: Fee-based revenue from savings account management and related banking services
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Variable interest rates on savings and ISA products |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
Tandem product offering
Product offeringCore offering
Tandem is a UK digital bank that operates a mobile app-based platform offering savings products (Cash ISAs, Instant Access Savers, Fixed Term Savers) alongside lending products (residential mortgages, home loans, home improvement loans for green upgrades, and motor finance for used hybrid/EV vehicles). The bank channels mortgage lending through a broker/intermediary portal and motor finance through approved dealers, positioning itself around funding sustainable choices via customer deposits.
Product overview
Tandem is a UK digital bank organized around a green finance mission, offering a unified platform of savings, lending, and sustainability tools. Its savings portfolio includes Instant Access Cash ISA, Fixed Rate Cash ISA, Instant Access Saver, and Fixed Term Saver products — all framed around the proposition that depositor savings fund greener lending. On the borrowing side, Tandem provides Mortgages (specialist first-charge residential mortgages up to £750k with EPC-linked rate discounts for A-B rated homes), Home Loans, Home Improvement Loans (green home upgrades such as solar panels and heat pumps), and Motor Finance (used hybrid/EV HP finance through approved dealers). A proprietary Green Hub aggregates energy-saving tools, partner recommendations, and educational content for both customers and non-customers. The bank operates an intermediary/broker channel for mortgages (Tandem Connect broker platform) and motor finance dealer partners, while also maintaining a direct-to-consumer mobile app. Tandem also acquired Loop Money (money-sharing app) in 2023 and operates subsidiary brands including Oplo, Allium Money, and GDFC under the Tandem Group umbrella.
Differentiator
Problem solved
Functional benefit
Products and services
- Instant Access Cash ISA
Quantifiable outcome
- £572 million in green lending facilitated
- +2 more outcomes
Companies that use Tandem
Customer profileSegments3 records
Ideal customer profiles3 records
Tandem technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability1 record
Feature1 record
Tandem partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Loop Moneycore
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Tandem competitors and assessment
Company assessmentDirect peers
- Atom Bank: UK digital-only challenger bank offering app-based savings accounts and residential mortgages, very similar in size, regulatory status, and product mix to Tandem. Both target UK retail depositors and mortgage borrowers via digital channels.
- Zopa: UK digital challenger bank that evolved from P2P lending into a full FSCS-protected bank offering savings, personal loans, and credit cards. Closely comparable given shared lending heritage and UK consumer focus.
- Triodos Bank UK: European sustainable/values-led bank operating in the UK with deposits and green lending products. Directly comparable to Tandem's ESG-led positioning and purpose-driven brand.
- Moneybarn (Vanquis Banking Group): UK non-prime motor finance provider using Hire Purchase through dealer and broker channels. Tandem's incoming Motor Finance MD previously led Moneybarn, and the dealer-channel HP model is directly comparable.
Broad incumbents
- Monzo: UK digital-only consumer bank with an app-led GTM and FSCS-protected deposits. Larger scale than Tandem but overlapping in target customer (UK digital-first consumers) and product-led growth model.
- Starling Bank: UK digital challenger bank offering app-based current accounts, savings, and lending to consumers and SMEs. Comparable product breadth and regulatory profile, though materially larger.
- OakNorth Bank: UK-regulated digital bank focused on lending (commercial/SME) and deposits. Comparable regulated bank with a tech-enabled credit decisioning model, though more SME-tilted than Tandem's consumer focus.
- Shawbrook Bank: UK specialist challenger bank offering savings deposits and specialist lending (residential, commercial, second-charge). Highly comparable on the deposit-funded specialist lender model Tandem uses.
- Aldermore: UK challenger bank owned by FirstRand, offering savings accounts and specialist lending including asset finance. Comparable deposit-gathering and specialist lending franchise.
- Paragon Bank: UK specialist bank offering savings deposits and lending across second-charge mortgages, motor finance, and commercial lending. Highly comparable on the multi-channel specialist lending and intermediary distribution model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Tandem social profiles
Digital presenceTandem compliance and trust
Trust signalCompliance6 records
Tandem financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tandem leadership team
Management profileNumber of profiles
Profiles7 records
Tandem subsidiaries and ownership
Company hierarchySubsidiaries10 records
Tandem funding detail
Funding detailFunding overview
Funding rounds8 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tandem M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tandem
What does Tandem do?
Tandem is a UK digital bank that operates a mobile app-based platform offering savings products (Cash ISAs, Instant Access Savers, Fixed Term Savers) alongside lending products (residential mortgages, home loans, home improvement loans for green upgrades, and motor finance for used hybrid/EV vehicles). The bank channels mortgage lending through a broker/intermediary portal and motor finance through approved dealers, positioning itself around funding sustainable choices via customer deposits.
Is Tandem a public or private company?
Tandem is a private company. It is classified as venture growth investor backed and is currently operating.
When was Tandem founded?
Tandem was founded in 2013. It employs 501 to 1,000 people.
Where is Tandem based?
Tandem is headquartered in London, United Kingdom, in the Europe region.
How does Tandem make money?
Two revenue lines are on record. Interest Income from Lending is the primary driver. The others are banking Services Fees.
Who are Tandem's main competitors?
Direct peers on record are Atom Bank, Zopa, Triodos Bank UK and Moneybarn (Vanquis Banking Group). Broad incumbents are Monzo, Starling Bank, OakNorth Bank, Shawbrook Bank, Aldermore and Paragon Bank.
Does Tandem have an API?
No public API is recorded for Tandem.
What industry is Tandem in?
Tandem's product category is Digital Banking. Its primary akta.pro industry code is BPAMAFAD, Digital Banking & Neobank Platforms, with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 5221 and its SIC code is 6141.