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Tendo 2020 Q1

Tendo took first outside investment and joined Bethnal Green Venture’s incubator (20k for 6%). Those plugged into the UK General Election might have noticed the Liberal Democrats insert “Skills Wallets” into their manifesto, mirroring what Kamala Harris has proposed across the pond. The living wage campaign gains momentum, with rates for 2019/20 lifted to £9.30 (national) and £10.75 (London) dictating minimum pay for 6,000 participating companies (210,000 employees). The repositioning of the employee as a vital stakeholder chimes with ESG topics, the post-war backstory to which is outlined in Rick Wartzman’s “The End of Loyalty” (book review).

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