Tandem Bank has secured £20m in Tier 2 capital from Quilam Capital, which will put “extra momentum” behind its green lending proposition and further grow its business.
The firm was launched in 2014 and has a fintech banking platform serving over 280,000 customers.
The investment “re-enforces the growth trajectory” set by Tandem as it aims to be the £UK’s leading purpose-led, profitable digital banking platform”.
The capital raise was concluded in June and was supported by financials services adviser Alantra.
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.”
Matt Glew, director at Quilam Capital, said: “We’re delighted to be partnering with Tandem through this strategic investment. Tandem is perfectly positioned to continue to grow its market leading green lending proposition, which our capital will help to unlock.
“We’re proud to join the Tandem journey and are looking forward to an exciting future together.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.