Tandem Bank Acquires Consumer Lender Oplo
January 12, 2022
Tandem Bank is acquiring fast-growing UK consumer lender Oplo to create a larger, purpose-led digital bank focused on fairer and greener financial products. The combination — spearheaded by Pollen Street Capital — will produce a profitable digital bank with roughly £1.2 billion of assets, about £1 billion of funding, over 171,000 customers and regulatory approval to complete by end of January 2022.
- Buyers
- Tandem Bank, Pollen Street Capital
- Targets
- Oplo
- Industry
- Financial Services
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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