Tandem, the UK based digital bank, closed a deal to acquire Pariti, also UK based PFM app with 95k registered users. Earlier this year, Tandem had acquired UK incumbent Harrods Bank and is now already in possession of a full banking license.
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Digital bank Tandem buys British fintech Pariti
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While there are a growing multitude of digital banks in the United Kingdom, Tandem is unique in its approach if not its overall services: the bank’s newest acquisition comes after it acquired U.K. incumbent Harrods Bank last year. Following its Harrods acquisition, Tandem is now in possession of a full banking license and recently launched a credit card product. It is unclear how the bank will make use of Pariti’s PFM platform.
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