Convoy buys stake in Tandem

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Convoy buys stake in Tandem

Convoy buys stake in Tandem

  • Convoy is a financial advisory firm in Hong Kong with thousands of professional financial consultants in the Asia Pacific region
  • Tandem Money founded in 2013 offers a credit card and fixed term savings accounts
  • Convoy’s strategy is to focus on the transformational opportunities of fintech and businesses
  • The partnership with Tandem builds on Convoy’s existing investments in the UK and Ireland
  • Convoy plans to use Tandem’s platform to offer digital financial services to Hong Kong consumers by launching a virtual bank
  • “We see a powerful opportunity to significantly expand our presence in Asia, one of the most vibrant virtual banking markets, and begin the expansion of our banking services across the globe” says Ricky Knox, CEO and co-founder of Tandem