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Tandem Bank reaches 500,000 customers

Theo Osborn | 13:54 Monday 21st January 2019

Tandem has announced that it has reached 500,000 customers one year on from being granted a full banking licence.

The mobile bank will start the new year with the launch of a new account packaged with an intelligent savings tool.

It is also planning to expand into western Europe and Asia in 2019.

Ricky Knox, co-founder and CEO at Tandem (pictured above), said: “We founded Tandem with the goal of solving real people’s problems with money. 

“That means talking to our customers, looking at what milestones and goals they need our help with and building fair products to support them. 

“Being fair is about making less money on deposits and loans, and passing those benefits on to our community.

“We are looking to capitalise on the wave of virtual banking around the world. 

“New digital banks are finding their feet and breaking into the mainstream in the UK, so the natural progression is to move into western Europe, where the sector is already gaining momentum, as well as growing markets in Asia.”

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