We've got some great news we can finally share with you, news which will mean Tandem is about to go full steam ahead. We figured the best way to tell you about it was to ask some members of the Tandem team.
We’ve agreed a deal to acquire 100% of Harrods Bank, subject to regulatory approval, which brings around £80m of capital into the business.
This means we can grow faster than ever, introducing as many people as possible to everything we've been building with our Co-Founder community. Together we’re going to continue our mission to create a new, better way of banking that has the customer at its focus.
What the details mean:
We can accelerate our launch plans and start offering savings accounts soon.
We will continue developing and rolling out our app and credit card as planned, with a little more spring in our step.
When the deal is finalised, we’ll operate the whole business under the Tandem brand.
We expect the deal to take a few months to finalise, and it’s still subject to regulatory approval, but we’ll keep you updated on our progress.