Tandem starts global expansion with Hong Kong launch

via AltFi

Digital challenger bank Tandem is expanding to Hong Kong as it begins an international expansion strategy.

The firm launched in the UK in 2016 and then swiftly, and somewhat unexpectedly, bought Harrods bank. 

Now it says it offers a full-service digital bank, offering a suite of financial products in the UK, including savings accounts, mortgages, credit cards and loans but has kept quiet on plans to launch in other geographies unlike other digital banks such as Revolut and Monzo.

Tandem will “work closely” with Convoy Global Holdings, a Hong Kong-listed financial services giant.

Ricky Knox, Co-Founder and CEO at Tandem Bank said: “This is an extremely exciting step for Tandem and our first move into international markets. Our innovative products and services are perfectly suited to the market here in Hong Kong and we can’t wait to be able to share Tandem with the Hong Kong consumer. Our partnership with Convoy Global Holdings has been key to bringing Tandem to Hong Kong and we look forward to working closely together throughout our journey here.”