Tandem - About the company
Tandem is a series C company based in London (United Kingdom), founded in 2013 by Ricky Knox, Micheal Kent and Carl Dalby. It operates as a Provider of digital savings accounts and personal home finance loans. Tandem has raised $309M in funding from investors like Qatar Investment Authority, Convoy and Omidyar Network India, with a current valuation of $*****. The company has 91 active competitors, including 14 funded and 2 that have exited. Its top competitors include companies like Revolut, Monzo and Starling Bank.
Company Details
Provider of digital savings accounts and personal home finance loans. This institution offers various interest-bearing savings products including cash individual savings accounts and fixed term savings options. It also facilitates lending services for residential property mortgages, home improvement projects, and vehicle financing through third-party dealerships. Customers manage their accounts and loan payments through a digital application interface. The entity operates under regulatory oversight to provide financial services to individuals.
- Website
- www.tandem.co.uk/
- Social
- Email ID
- *****@tandem.co.uk
- Phone Number
- +44 **********
- Registered Address
- VISCOUNT COURT,SIR FRANK WHITTLE WAY,BLACKPOOL,ENGLAND,FY4 2FB
Key Metrics
Founded Year
2013
Location
London, United Kingdom
Stage
Series C
Total Funding
$309M in 11 rounds
Latest Funding Round
Post Money Valuation
$***** as on Aug 21, 2020
Investors
Ranked
11th among 91 active competitors
Annual Revenue
£50M - £100M as on Dec 31, 2024
Employee Count
424 as on Jun 30, 2026
Legal entities associated with Tandem
Tandem is associated with 5 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
TANDEM HOME LOANS LIMITED CIN: 5667257 , United Kingdom, Active | Jan 04, 2006 | - | - | |
TANDEM MONEY LIMITED CIN: 8628614 , United Kingdom, Active | Jul 28, 2013 | £1M - £10M (As on Dec 31, 2018) | 170 (As on Dec 31, 2020) | |
TANDEM MOTOR FINANCE LIMITED CIN: 7213812 , United Kingdom, Active | Apr 05, 2010 | - | - | |
TANDEM PERSONAL LOANS LIMITED CIN: 8457740 , United Kingdom, Active | Mar 21, 2013 | - | - | |
Tandem Bank Limited CIN: 955491 , United Kingdom, Active | Jun 03, 1969 | £50M - £100M (As on Dec 31, 2024) | 4 (As on Jan 31, 2022) |
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Tandem's funding and investors
Tandem has raised a total funding of $309M over 11 rounds. Its first funding round was on Mar 03, 2014. Its latest funding round was a Series C round on Jun 2023 for $*****. 1 investor participated in its latest round. Tandem has 29 institutional investors and 103 angel investors.
Here is the list of recent funding rounds of Tandem:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 2023 | 9142081 | Series C | 6143627 | 7959331 | 5406603 | 5408224 |
Feb 25, 2020 | 6962878 | Series C | 8520847 | 2266630 | 6268014 | 4031220 |
Jul 23, 2019 | 8438197 | Series C | 9881440 | 4410940 | 3183673 | 1856345 |
Access funding benchmarks and valuations. Sign up today!View details of Tandem's funding rounds and investors
Tandem's founders and board of directors
Founder? Claim ProfileHere are the details of Tandem's key team members:
- Ricky Knox: Co-Founder & CEO of Tandem and founder of 2 other companies, Prosper and Azimo. They are also an angel investor in 10 startups.Contact Info: 2 email addresses
- Micheal Kent: Co-Founder of Tandem and founder of 1 other company. They serve on the boards of 2 companies.Contact Info: 1 email address
- Carl Dalby: Co Founder & Shareholder of Tandem.
Tandem's Board of Directors
Tandem's board has 11 active members. Matt Cooper is part of team and Anthony Murphy, Frederick Samuel Knox, Michael Klimbacher, David Fisher, David Gerard Torpey, Margaret Grace Hassall, Jevgenijs Zagoroviskis, Jeffrey John Pritchard, Michael Lester Amato and James William Scott are independent board members.Here is the list of Tandem's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 12y 5m | |
wqzsaju | Team | - | Past | 5y 7m |
bvsblok | Team | - | Past | 1y 2m |
rhvadjh | Team | - | Past | 7y 3m |
lxzpoqh | Team | - | Past | 6y 3m |
vvlkp{s | Team | - | Past | 7y 1m |
yotgmtz | Team | - | Past | 6y 3m |
{ahnsi{ | Team | - | Past | 5y 5m |
naruyva | Team | - | Past | 4y 2m |
jn{wpqs | Team | - | Past | 3y 4m |
Independent board member | - | Current | 5y 9m | |
hxrcgap | Independent board member | - | Current | 7y 8m |
{migmtk | Independent board member | - | Current | 9y 2m |
ziiusqj | Independent board member | - | Current | 1y 7m |
cwpaapx | Independent board member | - | Current | 6y 6m |
jmycvda | Independent board member | - | Current | 2y 1m |
ksarcrv | Independent board member | - | Current | 5y 3m |
e{pnvjg | Independent board member | - | Current | 4y 2m |
hticqfo | Independent board member | - | Current | 6y 2m |
jonwium | Independent board member | - | Current | 3y 3m |
ld{lpli | Independent board member | - | Past | 1y 9m |
dxhzfca | Independent board member | - | Past | 9y 7m |
ahlvsle | Independent board member | - | Past | 4y 2m |
ekhckeh | Independent board member | - | Past | 9y 6m |
ovtwmro | Independent board member | - | Past | 1y 2m |
bjifi{t | Independent board member | - | Past | 4y 8m |
View details of Tandem's Founder profiles and Board Members
Tandem's employee count trend
Tandem has 424 employees as of Jun 26. Here is Tandem's employee count trend over the years:
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Tandem's Competitors and alternates
Top competitors of Tandem include Revolut, Monzo and Starling Bank. Here is the list of Top 10 competitors of Tandem, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Revolut 2015, London (United Kingdom), Series E | Provider of banking solutions for retail customers and businesses | $1.99B | 86/100 | |
2nd |  Monzo 2015, United Kingdom, Series I | Provider of digital banking services including savings accounts and loans | $2.41B | 84/100 | |
3rd | Starling Bank 2014, London (United Kingdom), Series D | Provider of digital banking services including savings and payment accounts | $1.01B | 82/100 | |
4th |  Atom bank 2014, Blyth (United Kingdom), Series F | Provider of digital savings accounts mortgages and commercial business loans | $852M | 80/100 | |
5th | Bunq 2012, Amsterdam (Netherlands), Series A | Provider of the digital bank for individuals and businesses | $373M | 72/100 | |
6th | Provider of a digital bank for individuals | $91.6M | 72/100 | ||
7th | Zopa 2005, London (United Kingdom), Series H | Digital bank offering accounts, loans, credit cards, savings, finance. | $968M | 72/100 | |
8th | Virgin Money 1995, Newcastle Upon Tyne (United Kingdom), Acquired | Chains providing banking services including current accounts savings and mortgages | $152M | 72/100 | |
9th | Aldermore Bank 2009, Wilmslow (United Kingdom), Acquired | Commercial bank for consumers and businesses | $218M | 67/100 | |
10th |  iFAST Global Bank 2003, London (United Kingdom), Series A | Digital bank | $19.3M | - | 60/100 |
11th | Tandem 2013, London (United Kingdom), Series C | Provider of digital savings accounts and personal home finance loans | $309M | 58/100 |
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Tandem's Investments and acquisitions
Tandem has not made any investments yet. Tandem has made 5 acquisitions.Here is the list of latest three $acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Apr 05, 2023 | Acquisition | 2020 | London (United Kingdom) | |
Jan 12, 2022 | Acquisition | 2009 | Blackpool (United Kingdom) | |
Aug 24, 2020 | Acquisition | 2016 | London (United Kingdom) |
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Reports related to Tandem
Here is the latest report on Tandem's sector:
News related to Tandem
Filter this listMedia has covered Tandem for a total of 3 events in the last 1 year, 2 of them have been about people movement and 1 about company updates.
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Tandem Bank Announces Executive Changes Following Board RefreshCrowdfund Insider•Aug 20, 2026•Tandem
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Sikoia Partners with Tandem Bank to streamline income verificationThe Paypers•Jan 24, 2025•Sikoia, Tandem
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Tandem Bank Taps Sikoia To Streamline Income Verification ProcessesRetailbankerinternational•Jan 23, 2025•Sikoia, Tandem
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Tandem Bank Pledges Total Carbon Emission OffsetFintechmagazine•Nov 21, 2024•Tandem, Climate Impact Partners
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