Tandem Bank has acquired Allium Lending Group in a £60m deal

UK challenger bank Tandem Bank has acquired green lender Allium Lending Group as part of a £60m fundraising deal.

The deal has been a long time coming, with FinTech Global reporting about it being the works as early as March this year.

The deal will reportedly see Tandem introduce new green savings and green mortgage products to help customers cut their carbon footprint.

Allium’s CEO Paul Noble, will join the Tandem executive team as part of the deal.

Tandem acquired personal finance platform Pariti for an undisclosed amount in March 2018.

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