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Tandem

Full company profile

uuid0002wqo

Namestring
Tandem
Legal namestring
Tandem Bank Limited
Websiteurl
tandem.co.uk
Company typeenum
Private
Founded yearint
2013
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersLondon, United Kingdom
HQ citystring
London
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
digital banking, green finance, savings accounts, motor finance, residential mortgages
Industry2 codes
1Digital Banking & Neobank Platforms
CodeBPAMAFADPrimaryYes
2Bank & Credit Union Personal Loans (Unsecured Installment)
CodeFSAKAAALPrimaryNo
NAICS code2 codes
  • Depository Credit Intermediation5221
  • Sales Financing52222
SIC code2 codes
  • Personal Credit Institutions6141
  • Mortgage Bankers & Loan Correspondents6162
Product category
Digital Banking
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Interest Income from Lending
TypeTransaction Fee
Description

Interest income generated from lending activities including motor finance, mortgages, and other loan products. Core revenue driver for the bank.

2Banking Services Fees
TypeSubscription Recurring
Description

Fee-based revenue from savings account management and related banking services

Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Pricing details1 tier
1Variable interest rates on savings and ISA products
ModelUsage-basedBilling cadencePay-as-you-go
Notes

Interest rates applied to savings balances; rates vary by account type and market conditions

GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

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.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • £572 million in green lending facilitated
+2 more records
Product overview1 text field

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.

Product and service1 record
1Instant Access Cash ISA
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Loop Money
Strategic tierCoreTypeOthers
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1Atom Bank
TypeDirect peer
Description

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.

2Zopa
TypeDirect peer
Description

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.

3Triodos Bank UK
TypeDirect peer
Description

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.

4Monzo
TypeBroad incumbent
Description

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.

5Starling Bank
TypeBroad incumbent
Description

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.

6OakNorth Bank
TypeBroad incumbent
Description

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.

7Shawbrook Bank
TypeBroad incumbent
Description

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.

8Aldermore
TypeBroad incumbent
Description

UK challenger bank owned by FirstRand, offering savings accounts and specialist lending including asset finance. Comparable deposit-gathering and specialist lending franchise.

9Moneybarn (Vanquis Banking Group)
TypeDirect peer
Description

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.

10Paragon Bank
TypeBroad incumbent
Description

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

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

Integration2 records

Each record includes

Title, Type, Description, Source

AI capability1 record

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles7 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries10 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance6 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds8 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors15 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Tandem

Digital Bankingtandem.co.uk

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

  • Digital banking
  • Green finance
  • Savings accounts
  • Motor finance
  • Residential mortgages

Where Tandem is headquartered

Location

Headquarters

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

  1. Interest Income from Lending: Interest income generated from lending activities including motor finance, mortgages, and other loan products. Core revenue driver for the bank.
  2. Banking Services Fees: Fee-based revenue from savings account management and related banking services

Pricing tiers

ModelBillingPrice
Usage-basedPay-as-you-goVariable interest rates on savings and ISA products

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Tandem product offering

Product offering

Core 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 profile

Segments3 records

Ideal customer profiles3 records

Tandem technology and API

Technology

Technology 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 signal

Partnerships

One partnership is on record.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Tandem competitors and assessment

Company assessment

Direct 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 presence

Tandem compliance and trust

Trust signal

Compliance6 records

Tandem financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Tandem leadership team

Management profile

Number of profiles

Profiles7 records

Tandem subsidiaries and ownership

Company hierarchy

Subsidiaries10 records

Tandem funding detail

Funding detail

Funding 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 investment

M&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.

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Live signals
BusinessCloudLeadership changes announced at Tandem BankTandem Bank has announced a series of senior leadership changes, including the appointment of Simon Bowen as chief risk officer and Kevin Purcell as chief people officer, to support its new investor-backed strategy focused on sustainable finance. These moves also involve internal promotions and role transitions for existing executives such as Darvish Heshejin and Julian Nutley within the home improvement lending division. The restructuring aims to scale the bank's green lending proposition as it approaches £1bn in green lending.BdailyTandem Bank bolsters board with chair and NED appointmentsTandem Bank has appointed Stephen Jones as its new chair, succeeding Paul Pester who steps down after three years in the role. Clive Kornitzer has also joined the board as an independent non-executive director, replacing Matthew Donaldson who is leaving after nearly four years. The appointments follow a series of recent leadership changes at the bank, including the arrival of chief executive Neil Chandler in June 2025, and position the bank for its next phase of growth in 2026.FinextraTandem to implement CRM platform from Financial CloudTandem, the UK's greener digital bank, selected Financial Cloud's Financial CRM Platform to streamline operations. The partnership aims to enhance customer experience and future-proof operations, with Financial Cloud's CEO praising Tandem's innovation. The platform offers centralized data management, flexibility, security, and a customer portal.BusinessCloudGreener digital bank Tandem opens new London officeTandem, the UK's greener digital bank, opened a new London office at 10 Bloomsbury Way, housing marketing, treasury, risk, and strategy teams. The site will accommodate about 50 employees and hot desks for 500 remote workers. The bank reported its first full-year profit in 2022, with underlying operating profit of £4.5 million.FinSMEsTandem Bank Raises £20M in FundingTandem Bank, a Blackpool-based digital bank, raised £20m in Tier 2 capital from Quilam Capital. The funds will support expansion of its operations and business reach. The bank offers sustainable savings, loans, and mortgages to help households reduce carbon footprints.BusinessCloud£20m growth funding for digital bank TandemTandem Bank has secured £20 million in growth funding from Quilam Capital to support its green lending initiatives and business expansion. This investment follows the digital bank's first full-year profit in 2022 and a series of recent acquisitions including Loop Money. The capital raise, supported by advisor Alantra, was finalized in late June 2023.TandemTandem Bank secures £20 million after successful capital raiseTandem Bank secured £20 million in Tier 2 capital from growth investor Quilam Capital, a transaction completed in late June 2023 with support from advisor Alantra. This investment is intended to accelerate Tandem's growth as the UK's purpose-led digital banking platform and expand its green lending proposition.FintechTandem Bank’s green agenda gets £20m boost from Quilam CapitalTandem Bank has secured £20 million in Tier 2 capital from Quilam Capital to support its expansion plans. The funds will be utilized to fuel the bank's green lending proposition and capitalize on growth opportunities in sustainable finance.The PaypersTandem Bank acquires LoopTandem Bank has acquired Loop, a social network app that facilitates lending and borrowing among friends and family, enhancing its digital services for consumers. The acquisition aims to support the transition to a low-carbon economy while also expanding Tandem's product offerings across various consumer lending sectors. Loop will operate as a standalone brand, integrating Tandem products to provide a wider range of services.Allegro-CapitalSelected PortfolioThe article enumerates various sales and transactions involving multiple companies in the fintech, insurtech, e-commerce, and other sectors. Notable mentions include sales of companies like FreeAgent, Plum, and Tandem, among others, but lacks specific details on any single event or financial figures. The context suggests ongoing activity in these sectors without highlighting significant market changes or strategic implications.