Tandem, the London, UK-based mobile first retail bank, raised over £2.34m in equity crowdfunding.
Over 1,500 people have backed the company during the campaign on Seedrs.
Led by Peter Herbert, CEO, Steve Hulme, Gavin Smyth, Chief Risk Officer, Ruth Handcock, Chief Customer Officer, James Greenwood, CTO, and James Devlin
Investor Relations, Tandem aims to offer a full range of banking products, including current accounts, loans, savings and credit cards, all within a mobile app that will allow customers to see financial information, and deliver smart notifications and guidance.
The company, which already obtained the banking licence by the Bank of England and FCA, currently employs 90 people.
Tandem has already raised £22m from Omidyar Network, Route66, eVentures, and other high net worth individuals, which valued it at £65m.