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Tandem Finance

Full company profile

uuid002b52b

Namestring
Tandem Finance
Websiteurl
tandemfinance.com
Company typeenum
Private
Founded yearint
2018
Descriptiontext

Tandem Finance is a US-based equipment finance company headquartered in Fort Collins, Colorado, founded in 2018. The firm provides direct lending to business clients across the full credit spectrum, positioning its origination model around in-house underwriting rather than broker intermediation. Its go-to-market is therefore defined by what credit boxes it opens (including non-prime and emerging-credit SMB borrowers) rather than by a specific equipment vertical, segment, or technology stack disclosed in available materials. Founded and led by Michael Sheehan as president, the company currently operates at a headcount of 101–250 employees, indicating a mid-sized direct originator with established origination, credit, and servicing functions.

Short descriptiontext

Tandem Finance is a US equipment finance lender, founded in 2018 and based in Fort Collins, Colorado, that provides direct lending to business clients across all credit profiles, operating with 101–250 employees under founder Michael Sheehan.

Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersFort Collins, United States
HQ citystring
Fort Collins
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
equipment finance, direct lending, business lending, equipment leasing, commercial finance
NAICS code3 codes
  • Other Nondepository Credit Intermediation52229
  • Activities Related to Credit Intermediation5223
  • Sales Financing52222
SIC code2 codes
  • Finance Lessors6172
  • Short-Term Business Credit Institutions6153
Product category
Equipment Finance
Social media profiles1 record
Cost components4 values
Personnel, Operations, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Tandem Finance provides direct equipment financing to business clients across all credit types. The company originates loans that enable commercial borrowers to acquire equipment, bypassing traditional bank underwriting by serving clients who may have non-prime or limited credit histories.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Equipment Finance Lending
Recent move2 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight1 record

Each record includes

Type, Description

Peers10 records
1Marlin Business Services
TypeDirect peer
Description

Marlin provides direct equipment financing and working capital loans to small businesses, with comparable origination channels and borrower profiles to Tandem Finance.

2DLL
TypeBroad incumbent
Description

DLL is a global asset finance partner offering equipment finance across multiple asset categories; a much larger incumbent operating in the same equipment finance category as Tandem.

3Balboa Capital
TypeDirect peer
Description

Balboa Capital is a direct equipment finance lender serving small and mid-sized businesses across a wide credit spectrum, closely matching Tandem's direct-lending, broad-credit model.

4Currency Capital
TypeDirect peer
Description

Currency Capital operates an equipment finance marketplace and direct lending platform serving SMBs with varied credit profiles, comparable to Tandem's target borrower base.

5Stearns Bank
TypeBroad incumbent
Description

Stearns Bank operates a significant equipment finance division serving SMBs and equipment dealers nationwide, overlapping with Tandem's customer segment and product set.

6Crest Capital
TypeDirect peer
Description

Crest Capital is a direct equipment leasing and finance company serving small and mid-sized businesses nationwide, competing head-to-head with Tandem in equipment finance origination.

7CIT Group (First Citizens)
TypeBroad incumbent
Description

CIT Group, now part of First Citizens Bank, is a major commercial equipment finance provider serving middle-market and small businesses with a much broader balance sheet than Tandem.

8Wells Fargo Equipment Finance
TypeBroad incumbent
Description

Wells Fargo Equipment Finance is a large bank-affiliated equipment finance operation offering direct loans and leases to businesses, providing competitive pressure in shared segments.

9Baystone Equipment Finance
TypeDirect peer
Description

Baystone provides direct equipment financing solutions to businesses across the credit spectrum, with a similar niche focus on small-ticket and mid-ticket equipment finance.

10JPMorgan Equipment Finance
TypeBroad incumbent
Description

JPMorgan's equipment finance business provides direct lending and leasing for business equipment, representing a scaled incumbent competitor to niche lenders like Tandem.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

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
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

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

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

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

Investors

Each record includes

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

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

M&A

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 Finance

Equipment Financetandemfinance.com

Tandem Finance is a US equipment finance lender, founded in 2018 and based in Fort Collins, Colorado, that provides direct lending to business clients across all credit profiles, operating with 101–250 employees under founder Michael Sheehan.

What Tandem Finance does

Tandem Finance is a US-based equipment finance company headquartered in Fort Collins, Colorado, founded in 2018. The firm provides direct lending to business clients across the full credit spectrum, positioning its origination model around in-house underwriting rather than broker intermediation. Its go-to-market is therefore defined by what credit boxes it opens (including non-prime and emerging-credit SMB borrowers) rather than by a specific equipment vertical, segment, or technology stack disclosed in available materials. Founded and led by Michael Sheehan as president, the company currently operates at a headcount of 101–250 employees, indicating a mid-sized direct originator with established origination, credit, and servicing functions.

Tandem Finance firmographics

Firmographics
Name
Tandem Finance
Website
https://tandemfinance.com
Company type
Private
Founded year
2018
Headcount range
101–250 employees
Short description
Tandem Finance is a US equipment finance lender, founded in 2018 and based in Fort Collins, Colorado, that provides direct lending to business clients across all credit profiles, operating with 101–250 employees under founder Michael Sheehan.
Ownership category
akta.pro rank

Where Tandem Finance is headquartered

Location

Headquarters

HQ city
Fort Collins
HQ country
United States
HQ region
North America

Markets served

Tandem Finance business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales

Tandem Finance product offering

Product offering

Core offering

Tandem Finance provides direct equipment financing to business clients across all credit types. The company originates loans that enable commercial borrowers to acquire equipment, bypassing traditional bank underwriting by serving clients who may have non-prime or limited credit histories.

Differentiator

Problem solved

Functional benefit

Products and services

  • Equipment Finance Lending

Companies that use Tandem Finance

Customer profile

Ideal customer profiles1 record

Tandem Finance technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Tandem Finance partnerships and signals

Strategic signal

Recent moves2 records

Expansion highlights1 record

Tandem Finance competitors and assessment

Company assessment

Direct peers

  • Marlin Business Services: Marlin provides direct equipment financing and working capital loans to small businesses, with comparable origination channels and borrower profiles to Tandem Finance.
  • Balboa Capital: Balboa Capital is a direct equipment finance lender serving small and mid-sized businesses across a wide credit spectrum, closely matching Tandem's direct-lending, broad-credit model.
  • Currency Capital: Currency Capital operates an equipment finance marketplace and direct lending platform serving SMBs with varied credit profiles, comparable to Tandem's target borrower base.
  • Crest Capital: Crest Capital is a direct equipment leasing and finance company serving small and mid-sized businesses nationwide, competing head-to-head with Tandem in equipment finance origination.
  • Baystone Equipment Finance: Baystone provides direct equipment financing solutions to businesses across the credit spectrum, with a similar niche focus on small-ticket and mid-ticket equipment finance.

Broad incumbents

  • DLL: DLL is a global asset finance partner offering equipment finance across multiple asset categories; a much larger incumbent operating in the same equipment finance category as Tandem.
  • Stearns Bank: Stearns Bank operates a significant equipment finance division serving SMBs and equipment dealers nationwide, overlapping with Tandem's customer segment and product set.
  • CIT Group (First Citizens): CIT Group, now part of First Citizens Bank, is a major commercial equipment finance provider serving middle-market and small businesses with a much broader balance sheet than Tandem.
  • Wells Fargo Equipment Finance: Wells Fargo Equipment Finance is a large bank-affiliated equipment finance operation offering direct loans and leases to businesses, providing competitive pressure in shared segments.
  • JPMorgan Equipment Finance: JPMorgan's equipment finance business provides direct lending and leasing for business equipment, representing a scaled incumbent competitor to niche lenders like Tandem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Tandem Finance social profiles

Digital presence

Tandem Finance financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Tandem Finance leadership team

Management profile

Number of profiles

Profiles1 record

Tandem Finance funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Tandem Finance M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Tandem Finance

What does Tandem Finance do?

Tandem Finance provides direct equipment financing to business clients across all credit types. The company originates loans that enable commercial borrowers to acquire equipment, bypassing traditional bank underwriting by serving clients who may have non-prime or limited credit histories.

When was Tandem Finance founded?

Tandem Finance was founded in 2018. It employs 101 to 250 people.

Where is Tandem Finance based?

Tandem Finance is headquartered in Fort Collins, United States, in the North America region.

Who are Tandem Finance's main competitors?

Direct peers on record are Marlin Business Services, Balboa Capital, Currency Capital, Crest Capital and Baystone Equipment Finance. Broad incumbents are DLL, Stearns Bank, CIT Group (First Citizens), Wells Fargo Equipment Finance and JPMorgan Equipment Finance.

Does Tandem Finance have an API?

No public API is recorded for Tandem Finance.

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Live signals
Leasing LifeNorth Mill poised to acquire Pawnee Leasing, Tandem FinanceNorth Mill is preparing to acquire Pawnee Leasing and Tandem Finance. The article provides information about cookie policies and site data usage, with no specific detailed event about the acquisition process.YahooNorth Mill poised to acquire Pawnee Leasing, Tandem FinanceNorth Mill Equipment Finance, a US-based equipment finance company, has signed a share purchase agreement to acquire Pawnee Leasing Corporation and its affiliated company Tandem Finance through a reverse vesting deal as part of Chesswood Group's restructuring under the Companies' Creditors Arrangement Act (CCAA). The deal, in which North Mill emerged as the leading bidder in a competitive sale process, requires approval from the Ontario Superior Court of Justice (expected March 7, 2025) and a US Bankruptcy Court under Chapter 15 proceedings, with completion anticipated by April 18, 2025. Proceeds from the sale will be used to repay Chesswood's debtor-in-possession (DIP) financing obligations.GlobeNewswireLilyPad EV and Tandem Finance Collaboration Helps Auto Dealerships and Businesses of All Sizes Become an EV Charging DestinationLilyPad EV announced a collaboration with Tandem Finance to streamline EV charging station financing for auto dealerships and small businesses. The company, a ChargePoint premier partner, has completed over 5,000 turn-key installations. Tandem Finance offers full-funding equipment financing to commercial customers of all credit grades.PR NewswireCastlelake and Chesswood Announce Forward Flow Purchase Agreement for Equipment Loan and Lease ReceivablesCastlelake L.P., a global alternative investment manager, and Chesswood Group Limited, a specialty finance company, announced a forward flow purchase agreement for equipment loan and lease receivables. Under the agreement, Castlelake-managed vehicles will acquire up to $400 million of small ticket equipment loan and lease receivables originated by Chesswood subsidiaries Pawnee Leasing Corporation and Tandem Finance Inc. The funding enables Chesswood's subsidiaries to continue growing originations by providing off-balance sheet funding for loan originations to small and medium-sized businesses across the U.S.