Tandem Bank

Tandem Bank

Green-focused fintech offering savings and loans

Overview

Tandem Bank is a UK fintech that offers savings, home loans, home improvement loans, and motor finance with a green focus. Deposits fund loans for eco-friendly projects like solar panels and energy-efficient upgrades; savers earn interest and support sustainability. It also runs Loop, a free app for easily sharing and splitting money, acquired in 2023. Its goal is to help people save money while reducing their carbon footprint by directing deposits into green initiatives and making sustainable banking accessible.

About Tandem Bank

Simplify's Rating
Why Tandem Bank is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Fintech

Financial Services

Company Size

201-500

Company Stage

Growth Equity (Venture Capital)

Total Funding

$169M

Headquarters

Blackpool, United Kingdom

Founded

2013

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Simplify's Take

What believers are saying

  • Tandem reported £24.1m underlying profit for 2024, up 40% year-on-year.
  • Second-charge new agreements rose more than 27% year-on-year through 2025 and 2026.
  • New Chair Stephen Jones and CTO Russell Strevens signal stronger execution in 2026.

What critics are saying

  • FCA motor-finance redress scheme targets Tandem complaints from loans sold before 2024.
  • Commission-complaints pauses extended through May 31, 2026, delaying settlements and creating cost uncertainty.
  • A May 2026 Georgia Banking deal shows the Tandem name exits UK growth narratives elsewhere.

What makes Tandem Bank unique

  • Tandem’s 2026 app bundles instant-access and fixed-rate ISAs into one portfolio.
  • Tandem’s green-lending focus financed over £800m home improvements by 2026.
  • Tandem Connect cut broker case processing times by 4.5 working days in 2026.

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Funding

Total Funding

$168.9M

Below

Industry Average

Funded Over

7 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Paid Vacation

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Flexible Work Hours

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Mortgage Strategy
Jul 27th, 2026
Tandem hires Turner as southern account manager.

Tandem hires Turner as southern account manager. Tandem Bank has appointed Lloyd Turner as southern account manager. Turner brings more than 15 years of experience in financial services, including over a decade focused on specialist mortgages. He has previously worked with a range of specialist mortgage brokerages, specialist lenders and high street lenders, giving him experience in sales, underwriting and product teams. In his new role, Turner will work directly with Tandem's intermediary partners across the south, helping brokers access the lender's specialist second charge proposition. Tandem head of sales and distribution Laura Walters says: "We're delighted to welcome Lloyd to the team at a key stage in our growth. His experience and knowledge of the regional broker market make him ideally placed to strengthen existing relationships and help us reach new partners." "This is a growing market, and Lloyd's appointment demonstrates our commitment to enhancing brokers' experience, providing regular contact and faster support, and ensuring Tandem is seen as a partner that is genuinely easy to do business with." Turner adds: "This is a market with real momentum and I'm looking forward to being part of a team that is committed to growing its impact within the industry."

Ae3 Media Ltd
May 7th, 2026
Brookes steps down from Tandem.

Brookes steps down from Tandem. May 7, 2026 Nigel Brookes, director of second charge sales and distribution at challenger bank Tandem, has taken early retirement, while Laura Walters has been promoted to head of sales and distribution. Steve Beard, Tandem's managing director of mortgages, said Brookes' retirement was "planned" after more than a decade with the business. He said: "On behalf of everyone at Tandem, I'd like to thank Nigel for his huge contribution over the past decade. He has played a central role in building its second charge proposition into what it is today and in shaping its relationships across the broker community. A planned early retirement is thoroughly well-deserved and Mortgagesolutions wish him all the very best for what comes next. "I'm delighted to see Laura step into this role. She brings strong leadership, deep expertise and a clear understanding of both our strategy and our partners. The second charge market is growing and we're growing with it - with a strong team in place, a clear plan and the technology to back it up." Walters has been at Tandem for 13 years, working closely with Beard and Brookes on the second charge business, which is growing strongly - new agreements increased more than 27% year-on-year through 2025 and 2026. She said: "I'm excited to step into this role at such a pivotal moment for Tandem and the second charge market. We've built strong foundations through great tech, strong relationships and real delivery. My focus now is on accelerating that. For brokers, that means faster decisions, smoother journeys and a partner that's easy to do business with. The opportunity here is massive and we're well-placed to make the most of it." Tandem appointed a new CEO, Neil Chandler, in June last year. The bank has moved away from first charge mortgages and focuses heavily on green home improvements. It reported a 40% increase in underlying profit to £24.1m for the 2024 financial year, driven largely by its green lending initiatives.

OPUS First Media
May 6th, 2026
Tandem appoints Walters as Brookes retires from second charge role.

Tandem appoints Walters as Brookes retires from second charge role. Published on 6 May 2026 Tandem Bank has appointed Laura Walters as head of sales and distribution following the planned early retirement of Nigel Brookes. Brookes, who was director of second charge sales and distribution, leaves after more than a decade with the Blackpool-based challenger bank. During that period, Tandem said he played a central role in building its position in the specialist second charge mortgage market. Walters (pictured) has worked with Brookes and Steve Beard, managing director of mortgages, during her 13 years with the bank. Tandem said her experience in the second charge market, broker relationships and contribution to the business made her the natural successor. She will continue to work closely with Beard as Tandem looks to grow its second charge business. The bank said one of the main developments during Brookes' time with the business was the launch last year of Tandem Connect, its broker platform. Tandem said the platform automated key stages of the loan process and reduced case processing times by 4.5 working days. The lender said the leadership change comes as the second charge market continues to grow, with new agreements rising by more than 27% year-on-year through 2025 and 2026. Beard said: "On behalf of everyone at Tandem, I'd like to thank Nigel for his huge contribution over the past decade. He has played a central role in building its second charge proposition into what it is today and in shaping its relationships across the broker community. "A planned early retirement is thoroughly well deserved and we wish him all the very best for what comes next." "I'm delighted to see Laura step into this role. She brings strong leadership, deep expertise and a clear understanding of both its strategy and its partners. "The second charge market is growing and we're growing with it - with a strong team in place, a clear plan and the technology to back it up." Walters said: "I'm excited to step into this role at such a pivotal moment for Tandem and the second charge market. Mortgage Soup has built strong foundations through great tech, strong relationships and real delivery. "My focus now is on accelerating that. For brokers, that means faster decisions, smoother journeys and a partner that's easy to do business with. The opportunity here is massive and we're well placed to make the most of it."

UK Tech News
Mar 10th, 2026
Tandem Bank appoints Stephen Jones as new chair to drive growth

Tandem Bank has appointed Stephen Jones as its new chair as the digital bank pursues future growth. Jones, currently executive chair of investment banking at Panmure Liberum, brings decades of UK banking leadership experience, including senior roles at Santander and Barclays, and served as inaugural chief executive of UK Finance. Jones replaces Paul Pester, who held the position for three years during which Tandem achieved and maintained profitability. Pester also appointed current chief executive Neil Chandler in 2025. Chandler thanked Pester for his contributions and said Tandem is positioned to accelerate growth in 2026 with its experienced board and leadership team.

Tandem
Mar 9th, 2026
Tandem Bank named among UK's Best Workplaces(TM) 2026.

Tandem Bank named among UK's Best Workplaces(TM) 2026. Tandem was officially named on the prestigious list at the UK's Best Workplaces Awards held at Grosvenor House in London. Tandem Bank, the Blackpool headquartered challenger bank, has been recognised as one of the UK's Best Workplaces(TM) 2026 by Great Place To Work, the global authority on workplace culture. The news follows Tandem's inclusion in the Sunday Times Best Places to Work list in 2024 and 2025. Tandem was officially named on the prestigious list at the UK's Best Workplaces Awards held at Grosvenor House in London. The bank, which employs over 500 people across its headquarters in Blackpool and offices in Durham, Cardiff and London, made the list for the first time, ranked 99th in the Large Companies category. This places it among the top employers in the country and among just seven that made the list in the North West. The recognition is based largely on confidential employee feedback, highlighting the bank's commitment to building a supportive and people-focused workplace culture in the heart of Blackpool's growing digital and financial services sector. The bank's culture is shaped by inclusivity, learning and employee voice, with campaigns, groups and initiatives spanning from Women in Leadership and Pride, to Neurodivergence and Black History Month. A People Council, an employee-led forum, also drives ESG and social impact initiatives. Charity work, health and wellbeing and incentives to support colleagues who reflect Tandem's sustainability focus are also core elements of the colleague experience. Catherine Diamond, Chief People Officer, said: "Being recognised in Great Places to Work for the first time is an achievement that we're very proud of. This means that the work we're doing to build an inclusive and positive culture really is reaching our colleagues and they're seeing it every day. Whilst there is always more that we can do, creating an environment where people feel valued, supported and empowered to do their best work is fundamental to our success." The UK's Best Workplaces list is compiled using detailed analysis of employee feedback through the Trust Index(TM) survey, alongside an evaluation of each organisation's workplace culture and leadership practices. Only companies achieving the highest overall scores are included. March 9, 2026 Tandem Bank appoints Stephen Jones as new Chair, signalling next stage in growth journey. Stephen Jones has been appointed Chair of Tandem to lead the bank in its next stage of growth.

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