Secure £20m in Tier 2 capital
IN BRIEF:
Investment by Quilam Capital – a growth investor with expertise in the speciality finance sector
Tandem is seeking to build the UK’s leading purpose-led, profitable digital banking platform
The capital raise concluded in late June 2023
What does this mean?
Alex Mollart, Chief Executive Officer of Tandem Bank, said: “This investment marks another significant milestone for Tandem as we enter yet another exciting stage in our journey. Following a transformational 2022, this capital will put extra momentum behind our green lending proposition and allows us to capitalise on a number of exciting opportunities to further grow our business. Crucially, we’ve found a great partner in Quliam – investors who truly understand our mission to be the UK’s greener bank and are committed to supporting our plans to get there.”
