Tandem Bank
Also a provider — view Tandem Bank’s profile →“Can a UK challenger bank build a sustainable, green-focused lending and savings franchise on its own charter?”
Founded2013
HQLondon, United Kingdom
FoundersRicky Knox, Matt Cooper
Total raisedunknown
Latest round~£50m (2020)
Valuationunknown
IndustryFintech / Neobank
The story
Tandem launched as a UK digital challenger bank in 2013 and gained a banking licence through the 2018 acquisition of Harrods Bank. The bank pivoted toward green lending and savings, positioning itself as the UK's 'good green bank' with home improvement loans, motor finance, and savings products. Recent focus has been on managing a motor finance commission complaints scheme under FCA supervision.
Product timeline
2013
Tandem founded as a UK digital challenger bank· banking
2018
Acquired Harrods Bank, gaining a UK banking licence· acquisition
2019
Partnered with Token.io for PSD2 open banking compliance and account aggregation· banking
2020
Raised ~£50m amid C-suite reshuffle; CTO Paul Clark departed· pivot
Acquisitions
Regulated entities
1
regulatory licence held by Tandem Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
Same company
Tandem Bank was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
The stack
3 layers disclosed in Tandem Bank’s embedded-finance stack
Banking / BaaS
Lending
in the full report
Open banking
in the full report
Accounting gap: none
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.