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
Location
England, United Kingdom
Transaction Type
Buyout

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