House of Fraser’s Chinese owners pulled £29 million of a £35 million investment in London-based, app-only bank Tandem because of concerns that the Chinese government might reject the deal, according to Business Insider. House of Fraser, which is owned by Chinese group Sanpower, announced in...
While many might have been surprised by House of Fraser’s announcement that it was investing at least £35 million in Tandem, a U.K. startup that’s building an app-only bank, the department store’s chairman said the deal “is just one illustration of how we’ll deliver a...
House of Fraser, the U.K. department store operator, is making a £35 million investment in an app-only bank as a way to give shoppers a banking tool and payment means. According to a report, House of Fraser has worked with Tandem to create the app-only banking...
August 08, 2017
Startup bank Tandem has acquired Harrods Bank, officially achieving its goals of moving into the U.K. banking market. Finextra reports the deal comes after Tandem lost out on a £29 million cash injection from Sanpower, the Chinese conglomerate and owner of House of Fraser. The news was seen as a major setback to Tandem’s plans to […]
March 21, 2017
House of Fraser’s Chinese owners pulled £29 million of a £35 million investment in London-based, app-only bank Tandem because of concerns that the Chinese government might reject the deal, according...
February 14, 2017
While many might have been surprised by House of Fraser’s announcement that it was investing at least £35 million in Tandem, a U.K. startup that’s building an app-only bank, the...
January 04, 2017
House of Fraser, the U.K. department store operator, is making a £35 million investment in an app-only bank as a way to give shoppers a banking tool and payment means....
