Rivonia Road Capital, a global alternative asset manager, focused on credit for high-growth companies, has provided Tandym with $50 million in debt financing, and made an equity investment in Tandym’s most recent fundraise.
Rivonia Road Capital, a global alternative asset manager, focused on credit for high-growth companies, has provided Tandym with $50 million in debt financing, and made an equity investment in Tandym’s most recent fundraise.
Tandym was founded by former Capital One executives to offer branded credit cards to online merchants with less than $1 billion in revenues. Historically, merchant cards have only been available to the largest retailers, primarily due to complex, time-consuming and costly implementation requirements.
Tandym streamlines onboarding for merchants by leveraging its proprietary closed-loop system, thereby greatly reducing the time and cost of implementation, while also minimising ongoing merchant processing fees.
Despite launching less than one year ago, Tandym has already raised two equity rounds in addition to Rivonia’s credit facility. In that time, the company has experienced rapid growth across its team, technology platform and customer pipeline. Demand for Tandym’s solution is robust and the Company has already onboarded multiple merchant customers.
