2 years ago

Atom Bank Secures £100 Million in Funding

  • Atom, a UK-based app-based bank, has raised over £100m in new equity capital

  • Backers included BBVA, Toscafund and Infinity Investment Partners

  • The funds will be used to accelerate lending and balance sheet growth, and create a compelling proposition for savers, homeowners, first time buyers, and SMEs

  • Atom offers mortgages and savings through its app, alongside secured business lending for small and medium-sized enterprises

  • The company recently announced its first full year of operating profit, demonstrating the potential of its cost efficient and scalable model.

      • ProblemFinancial Services

      "Atom is addressing the challenge of making banking services more accessible and flexible through a mobile app-based platform, aiming to simplify the process of obtaining mortgages and savings for customers."

      Solution

      "Atom provides a mobile banking solution that offers mortgages and savings directly through its app, with additional support for secured business lending to small and medium-sized enterprises, aiming to streamline banking services for a broader audience."

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