UK based Tandem Bank has acquired financial management app Pariti; the app has more than 95,000 users that will now be transferred to Tandem Bank; Pariti users will still be able to access their accounts through the Tandem app. Source.
Pariti offers an app for consumers that plugs into financial accounts and gives advice on managing debt; it can help consumers better understand their debt levels, interest rates and fees, advising on products such as a consolidation loan to help lower expenses; the app has partnered with Zopa to offer its clients consumer loans and receives a commission from the lender for approved applications; the firm has plans for expansion including additional loan partnerships. Source
Personal finance management app Pariti has partnered with Lendable to offer its customers loans; Lendable is the second lending partnership for the app following Zopa; Lendable also offers consumer loans with funds from high net worth and institutional investors. Source