3 years ago

Atom Bank Secures £30 Million to Fuel Lending Growth and Postpones IPO

  • Atom Bank, a UK-based fintech, has raised £30 million in a funding round led by BBVA and Toscafund, valuing the company at £460 million

  • The Durham-headquartered digital lender plans to use the funds to support its lending growth and overall expansion

  • This investment follows a previous £75 million funding round and postpones Atom Bank's IPO plans to 2024 or 2025.

      • ProblemFinancial Services

      "Traditional banks offer inadequate returns on savings and are slow to adapt to market changes, leaving customers dissatisfied."

      Solution

      "Atom Bank provides a digital-first banking experience with competitive interest rates on savings accounts, catering to tech-savvy customers seeking better value and convenience."

      Covered on