# Tandym

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tandym

- Industry: Financial Services
- Headquarters: Chicago, US
- Website: www.bytandym.com
- Total disclosed funding: $10M
- Latest round: Seed (Jun 1, 2022)
- Investors on record: 2

## About

Based in Illinois, US, and founded in 2021 by CEO Jennifer Glaspie-Lundstrom, CPO David Anderson, and CTO Sairam Rangachari, Tandym, Inc., a.k.a. Tandym operates as a credit card company that enables e-commerce businesses to drive loyalty and growth sales with their digital store card. In June 2022, Tandym, Inc. raised USD 50 million in venture debt financing led by Rivonia Road Capital. The round was a part of a larger USD 60 million seed and debt financing.

The company provides a merchant-branded payments platform powered by real-time data and machine learning that enables integration with retailers, empowers merchants to convert processing cost savings into a loyalty program for their customers, and cuts processing fees up to 80 percent. While using their merchant-branded card powered by Tandym, customers earn 5% in rewards for future purchases at their favorite retailers. With the help of Tandym cards, merchants can avoid credit card processing fees that primarily serve to fund banks' loyalty programs

Tandym plans to use its proceeds from June 2022 funding to expand its trading partner network.

## Funding rounds

- Seed, Jun 1, 2022, $10M — Obvious, Gradient Ventures

## Investors

- Obvious (https://capitalatlas.ai/funds/obvious) — Seed
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Seed