7 years ago

Atom Bank Raises £149 Million Led by BBVA to Fuel Growth

  • Atom bank, a UK-based mobile-only bank, has secured £149 million in funding led by BBVA and Toscafund

  • This investment will be used to support Atom's continued growth as a lender and fund further investment in technology and business capabilities

  • BBVA will increase its ownership in Atom to around 39% following this investment

  • Atom bank has now raised almost £400 million in equity capital since its founding in 2014.

      • ProblemFinancial Services

      "Traditional banks are slow, complex, and expensive, making it difficult for people to manage their finances effectively."

      Solution

      "Atom Bank is a mobile-only bank that offers a simple, transparent, and affordable banking experience. It uses technology to streamline processes and provide customers with a personalized experience."

      Covered on