Tandem
Profile
Tandem is the UK’s next generation digital bank, helping customers live a better life with their money.
- Location
-
London,
United Kingdom
Categories: Finance & Payments Digital B2C
- Social Media
- Website
- tandem.co.uk
- Company number
- 08628614
- Incorporation date
- 29 Jul 2013
- Investment sought:
- £16,103,632
- Equity offered:
- 10.33%
-
Investment
amount: - £16,201,044
-
Valuation
(pre-money): - £139,771,207
Idea
Introduction
This is a pre-emption campaign for existing shareholders in Tandem Bank.
Tandem Bank has recently closed a £15,000,000.00 investment from an institutional investor (Convoy), which is now being pre-empted on by way of this campaign. Other investment in this round represents pre-emption investment by other investors.
Brief details are listed below, with a further update available as a downloadable document attached to this campaign, which you can request access to.
This offer is to subscribe for new Ordinary B Shares in Tandem Money Limited at a price of £1.33 per Ordinary B Share payable in cash. There are no other preferential equity rights outstanding which would subordinate the equity in the Company.
The Ordinary B Shares will, when issued and fully paid, rank pari passu in all respects with the Ordinary B Shares issued to Convoy, including the right to receive in full all dividends and other distributions declared, made or paid by reference to a record date after the date of their issue.
Tandem Bank are happy to accept subscriptions above your pro-rata pre-emption allowance.