Atoa joins crowded payments market with FCA approval

London-based fintech startup Atoa secured £5 million in funding, bringing its total funding to $9 million.  The FCA-approved payment institution offers open banking payments claiming 50% lower processing costs than traditional methods. Atoa targets various industries and provides payment initiation services, virtual accounts, and real-time transaction data.

Atoa Secures £5M in Funding for Open Banking Payment Solutions

Atoa is a London-based fintech startup providing open banking-enabled payments with claims of 50% cheaper processing costs compared to traditional card payments. Founded in 2022 by Sid Narayanan, a former banker at Standard Chartered, it targets retail, hospitality, beauty, automotive, and professional services industries.  Atoa offers payment initiation services, virtual accounts (in partnership with ClearBank), and payment account information services.

A London-based fintech offering cheaper open banking-enabled payments.

a month ago

Atoa Secures £5M in Funding for Open Banking Payment Solutions

Covered on