Reuters reports that the challenger bank has raised £60 million; sources familiar with the matter said investors include the Qatar...
According to figures from the Financial Ombudsman Service (FOS) Revolut received 171 claims from UK customers between January 1, 2015...
Tandem Bank released an update saying an IPO was in their plans over the next few years as they focus...
When Tandem Bank acquired Harrod’s Bank in August there were three main reasons for the move; FT Alphaville reports Harrod’s had a banking license, the deal came with a $13.4mn capital injection to fund the company through to deal approval and an additional $107mn from existing investors. Source.
Challenger banks continue to pile up funding rounds as UK based Tandem Bank is preparing to announce a fresh round...
The CEO of UK challenger bank Tandem, Ricky Knox, said that his company has moved into a new 16,000 square...
UK based Tandem Bank has acquired financial management app Pariti; the app has more than 95,000 users that will now be transferred to Tandem Bank; Pariti users will still be able to access their accounts through the Tandem app. Source.
The startup will open up their new bank to 10,000 "co-founders" to begin using their banking services with hopes of a public release in 2017; the bank is looking to help people manage their money and not bombard them with product sales; founder and deputy CEO, Ricky Knox, says this is its "first step" and that it plans to "grow into a full-service bank" in 2017. Source