Atom Bank, a Durham, UK-based bank designed exclusively for mobile, raised a further £83M in equity funding.
Backers included current investors BBVA, Woodford Investment Management, Toscafund Asset Management and others.
The company, which has raised a total of £219M, will use the funds to continue to expand its offering with plans to launch further products and enhancements to its app throughout 2017.
Led by Founder and Chairman Anthony Thomson and CEO Mark Mullen, Atom Bank secured its banking license in June 2015 and launched operations in April 2016 by offering two Fixed Saver accounts and secured business lending for small and medium-sized enterprises.
The bank recently launched its first mobile mortgage product, allowing borrowers to manage everything via an app.
The company currently employs a team of over 260 permanent employees.
FinSMEs
06/03/2017