TANDEM MONEY LIMITED a Finance & Payments business raised £ 126,329 via a Equity raise funded on 7 Mar 2018

Seedrs

Who are TANDEM MONEY LIMITED

TANDEM MONEY LIMITED is located in London.

Tandem is the UK’s next generation digital bank, helping customers live a better life with their money.

Our acquisition of Harrods Bank has provided us with a banking licence, £25m in equity funding into Tandem, £55m of additional regulatory capital within the combined group, a £375 million mortgage book and over £400 million in deposits. This deal makes us the leading contender in the digital challenger space at a revenue level with a strong balance sheet and puts us in a great position to start rapidly acquiring customers this year.

Company details for TANDEM MONEY LIMITED

The company was incorporated as a Private limited with Share Capital on 29 Jul 2013 and is registered in the UK at Companies House with Company Number 08628614

The sector the business operates in is described at Companies House as 64191 – Banks with its registered office at 40 BERNARD STREET
LONDON
WC1N 1LE.

Current status of the company is Active.

How much was raised in the Tandem Seedrs Crowdfunding Campaign

Company funded on 7 Mar 2018 with £126,329 at a pre money valuation of £58,584,057 . The target raise was £125,218 for 0.21% of the equity of the company.

The raise was a Equity raise.

The company operates in the sectors Finance & Payments , Digital and B2C .

What information do the filings at Companies House provide about the Company

Last accounts made up to 31 December 2018 filed by the company show

  1. Cash £102.2M
  2. Net Worth £57.5M
  3. Total Liabilities £442.6M
  4. Net Assets £68.2M

The records indicate the company has total directors of 6 and 179 shareholders.

Accounts Filing Status

  1. Last Accounts – Last accounts made up to 31 December 2018
  2. Last accounts made up to 31 December 2018

Confirmation Statement Status

  1. Last Confirmation Statement – Last statement dated 29 July 2019
  2. Next statement date 29 July 2020
    due by 9 September 2020

Filings Recently Made By TANDEM MONEY LIMITED

05 Mar 2020 – Resolutions
Resolution of allotment of securities
Resolution of adoption of Articles of Association

03 Mar 2020 – Statement of capital following an allotment of shares on 25 February 2020
GBP 366,572.868

26 Sep 2019 – Full accounts made up to 31 December 2018

09 Aug 2019 – Confirmation statement made on 29 July 2019 with updates

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