Growing pains for digital banks

Mobile-only “challenger” bank Tandem launched in 2016, raising more than £2.3m in an hour on crowdfunding platform Seedrs. Since then, it’s not all been plain sailing – it lost its banking licence earlier this year after a £29m planned investment from Fraser Financial Services (owned by China’s Sanpower Group) fell through. 

Sourced through Scoop.it from: moneyweek.com

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