Tandem Bank Secures £20m Investment for Sustainable Digital Banking
Tandem Bank, a Blackpool, UK-based digital bank, has recently secured £20m in Tier 2 capital. The investment comes from Quilam Capital, a growth investor specializing in the specialty finance sector. The funds will be used by Tandem Bank to further expand its operations and increase its business reach. Tandem Bank's mission is to build a purpose-led digital banking platform that focuses on reducing households' carbon footprints and supporting the UK's transition to a carbon-neutral economy.
Leading the way at Tandem Bank is Chief Executive Officer Alex Mollart.
The bank offers various sustainable solutions for customers, including savings, home improvement loans, mortgages, motor financing, and consumer sharing offerings. These products are designed to help customers make environmentally conscious choices while managing their finances. Tandem Bank's fintech banking platform, which includes an app and a digital franchise supporting a network of financial advisers and brokers, serves as the foundation for these offerings.
Tandem Bank's partnership with Quilam Capital is a significant step forward in realizing its vision of providing digital banking services that align with environmental goals. With the additional capital, Tandem Bank will be able to further develop its platform and introduce innovative products and services that address the growing need for sustainable banking solutions. Through its dedication to reducing carbon footprints and supporting a carbon-neutral economy, Tandem Bank is poised to make a positive impact on both its customers and the environment.
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