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Overview

Date Established 08/2022
Founder Michelle Dear and Dan Couvreur
Headquarters New York City and Chicago
Industries
Tech
Website https://www.usetandem.com/
Press Contact Sara Spiegel
Social

Products

Tandem App
Tandem App

About

Split expenses with a swipe and say goodbye to endless Venmo requests, mental math, and money fights.

Tandem is a consumer fintech platform focused on empowering couples’ financial lives together. This first

step is to create the easiest way for couples to share and pay expenses.

Tandem represents the modern couple and the vision is to ultimately serve as an operating system for

couples that guides them through their customized financial milestones...together. Wanting to be in a

unique position to grow with the users as their relationship and financial lives evolve with a brand that

“lightens the mood” about finance. Think of expense sharing as the wedge into this market as it is the

first shared financial experience in a relationship and provides us with great insight into users.

Founding Story

The idea for Tandem came to Michelle Dear while she and her now financé were splitting bills. The tedious act was a monthly frustration to them. She called up the couple’s mutual friend from college, Daniel Couvreur, and the duo co-founded Tandem. As Millennials living with their respective partners, Michelle and Daniel have first hand experience on the changing relationship timeline: couples are moving in together quicker and getting married later, creating a gap in which they are combining their lives, yet living financially separate. There are macro factors too, like increased debt due to student loans and dual earner relationships being the norm creates a need for a more customized approach to couples’ finances.

Team Bios

Michelle currently oversees all marketing, financial management and fundraising efforts. Michelle’s entire career has been in finance (specifically private equity). Her most recent role was at Wind Point Partners, which invests in middle market businesses in the consumer, industrials, and business services sectors out of its ninth fund ($1.5 billion). While at Wind Point, Michelle worked on the acquisition of RTIC (one of the largest pure-play D2C providers of outdoor products), in which digital marketing was integral to diligence efforts and value creation plan development. Prior to Wind Point, Michelle worked at another private equity firm called Main Street Capital, which is a publicly traded investment firm with ~$4B of assets under management. At Main Street, Michelle worked on investing in lower middle market companies across the balance sheet in both debt and equity and worked on the platform acquisitions of SI East (industrial packaging manufacturer) and Kickhaefer Manufacturing Company (precision metal parts and components manufacturer).

At Wind Point, what Michelle found she loved about her job was that she had gotten to work very closely with executive advisors (typically Fortune 500 CEOs), management teams and former founders. She very much enjoyed learning from them and admired how they knew every detail of their business and got to build it from the ground up in some instances. So, when the idea for Tandem came to her and Dan organically, they knew it was the right opportunity to become entrepreneurs and start a company.

Michelle grew up in Chesterfield, MI and graduated from the Broad School of Business at Michigan State University where she studied finance and was a member of the Varsity Women’s Soccer team, Honors College and Financial Markets Institute. She also sings and performed the National Anthem at the Final Four NCAA Men’s Basketball Tournament for 16M+ viewers in 2015, in addition to subsequent NCAA championship games.

Dan started his career at Citigroup in their Asset Finance Group (“AFG”), which focused on principal investing in hard assets across the aviation, shipping, and energy industries. In addition to his role in AFG, Dan worked on various projects within Citi Ventures. Most notably, an initiative to streamline online banking for high growth small and medium sized businesses, a segment traditionally underserved in the Citi ecosystem.

Following his time at Citi, Dan joined as an early employee at Better Mortgage Corporation (“Better”) and has experienced the organization scaling from $100M in monthly funded loan volume to over $10B per month. On the partnership team, Dan has worked on first of kind deals with Ally Bank, American Express, Chime, Credit Karma, and Compass. The Ally partnership is a full white-label model in which Ally outsourced their entire mortgage business to Better. Today, the partnership originates over $1B of loans per month and maintains an NPS higher than Better’s core D2C offering. Dan has worked closely with all functions of the organization from engineering, finance, and marketing to ensure timely, successful launches of partnerships that have gone on to shape the mortgage industry over the past two years.

Currently, Dan oversees all product development efforts, partnerships and fundraising at Tandem.

Dan is a graduate of the Broad School of Business at Michigan State University where he studied finance and was a member of the Honors College and Financial Markets Institute.

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