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Tandem Bank acquires money-sharing app Loop Money
source link: https://fintechranking.com/2023/04/05/tandem-bank-acquires-money-sharing-app-loop-money/
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Tandem Bank acquires money-sharing app Loop Money
Tandem Bank has made its first acquisition of 2023, AltFi can exclusively reveal, with the takeover of the recently-launched money-sharing app Loop Money.
Loop is a social network aimed at helping friends and family to lend and borrow money with each other, and using open banking to enable seamless payments.
The app starts with a bill-splitting concept similar to Splitwise, but then develops it with the addition of an ‘overdraft’ that you can access by inviting your contacts to lend you the money.
Read more: AltFi
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