British "challenger" bank Tandem is to kick off a £1 million ($1.46 million) crowdfunding drive in a bid to get more people involved in the start-up's upcoming launch and attract customers.
The British start-up lender received its banking license at the end of 2015 and is set to launch later this year. It is part of the wave on online-only banks attempting to challenge the giants of the industry.
Tandem has previously raised "tens of millions of pounds", according to founder Ricky Knox, but has never disclosed the actual figure. Pierre Omidyar, the founder of auction site eBay is among the investors. The crowdfunding round is part of the company's "co-founders" program, allowing people to own shares in the bank.
Earlier this month, Tandem handed out free shares to people, worth about 5 percent of the business, in return for them offering advice and product feedback.