OverviewSuggest Edit

Tandem is a provider of mobile retail banking services designed to optimize customers' relationship with banks. The Company offers a full range of traditional and innovative banking products, including current accounts, loans, savings and credit cards, all within an intuitive and engaging banking application. It enables customers to see all their financial information in one place as well as offers intelligent notification and guidance.

TypePrivate
Founded2013
HQLondon, GB
Websitetandem.co.uk
Employee Ratings4

Latest Updates

Employees (est.) (Sept 2020)146(+5%)
Job Openings4
Revenue (FY, 2018)£21.2 M(+2123300%)
Cybersecurity ratingAMore

Tandem Office Locations

Tandem has an office in London
London, GB (HQ)
40 Bernard St, Bloomsbury
London, GB
123 Pentonville Rd
Show all (2)

Tandem Financials and Metrics

Summary Metrics

Founding Date

2013

Tandem total Funding

$174.4 m

Tandem latest funding size

$78 m

Time since last funding

7 months ago

Tandem investors

Tandem's latest funding round in March 2020 was reported to be $78 m. In total, Tandem has raised $174.4 m. Tandem's latest valuation is reported to be £65 m.
View all funding rounds

Tandem Revenue

Tandem's revenue was reported to be £21.23 m in FY, 2018
GBP

Revenue (FY, 2018)

21.2m

Net income (FY, 2018)

(26.6m)

Market valuation

65.0m

Cash (31-Dec-2018)

102.2m
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.0k1.0k21.2m

Cost of goods sold

3.6k1.0k

Gross profit

1.0k

Gross profit Margin, %

50%
GBPFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

362.0k3.8m7.3m2.5m102.2m

Accounts Receivable

32.0k2.0k93.0k388.1m

Current Assets

375.6k4.0m9.7m3.1m499.0m

PP&E

4.5k80.0k667.0k144.0k196.0k
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(462.8k)(6.4m)(20.4m)(23.6m)

Cash From Operating Activities

(80.4k)(5.8m)(18.9m)(16.1m)

Cash From Financing Activities

447.2k10.7m28.0m15.6m

Net Change in Cash

362.0k3.5m3.4m(4.8m)
GBPFY, 2014

Financial Leverage

-24.5 x
Show all financial metrics

Tandem Operating Metrics

Tandem's Customers was reported to be 800 k in Mar, 2020.
Mar, 2020

Customers

800 k
Show all operating metrics

Tandem Acquisitions / Subsidiaries

Company NameDateDeal Size
ParitiMarch 13, 2018
Harrods Bank LtdAugust 07, 2017

Tandem Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Tandem Online and Social Media Presence

Embed Graph

Tandem News and Updates

Tandem Bank’s chief product officer has joined Santander InnoVentures

Following the departure of it CTO last month, Tandem Bank, the U.K. challenger bank co-founded by fintech veteran Ricky Knox, has lost another key member of its team, this time seeing chief product officer Matt Ford departing for a career in venture. Ford joined Santander InnoVentures, the venture c…

Exclusive: Tandem bank nears much-awaited fundraise as CTO steps down

An imminent influx of cash coincides with a C-suite reshuffle at the UK bank. Now, chief executive Ricky Knox says he's confident the bank is on strong ground and ready to fight off "copycat" incumbents. Exclusive: Tandem bank nears much-awaited fundraise as CTO steps down

Tandem tool helps students work better in teams

Whether in high school or college, most of us have experienced the frustration of group work. There often is at least one student who doesn't pull her weight, leaving the rest to pick up the slack. Then there is that person who takes over. He doesn't allow anyone else to be heard. Sometimes it happe…

ADVISORY: Expert Available to Discuss How Racism, Xenophobia Can Spread in Tandem with Coronavirus

Johns Hopkins sociology professor Ho-Fung Hung has explored how racist reactions to previous outbreaks proved counterproductive to effective responses.read more

Tandem Bank launches inaugural 'Money Hacks' programme

Tandem Bank has launched its inaugural ‘Money Hacks’ programme at Harris Academies.

Global Flow Cytometry Market Outlook 2020-2025: Growing Presence in Emerging Countries, Evolving Pipeline for Stem Cell Research, Evolution of Tandem Flow Cytometry Technologies

DUBLIN, Jan. 28, 2020 /PRNewswire/ -- The "Flow Cytometry Market by Technology (Cell-based, Bead-based), Product (Analyzer, Sorter, Reagents, Consumables, Software), End user (Academia, Research Labs, Hospitals, Clinical Laboratories, Pharma-Biotech Cos), Application - Global Forecasts to...
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Tandem Frequently Asked Questions

  • When was Tandem founded?

    Tandem was founded in 2013.

  • How many employees does Tandem have?

    Tandem has 146 employees.

  • What is Tandem revenue?

    Latest Tandem annual revenue is £21.2 m.

  • What is Tandem revenue per employee?

    Latest Tandem revenue per employee is £145.4 k.

  • Who are Tandem competitors?

    Competitors of Tandem include Monzo Bank, Monese and Atom Bank.

  • Where is Tandem headquarters?

    Tandem headquarters is located at 40 Bernard St, Bloomsbury, London.

  • Where are Tandem offices?

    Tandem has an office in London.

  • How many offices does Tandem have?

    Tandem has 2 offices.