Atom bank Raises £30M in Funding

Atom bank

Atom bank, a Durham, UK-based provider of a banking app, raised £30m in funding.

The backers were BBVA, Toscafund and Infinity Investment Partners. The round follows £75m Atom raised in February and means that the digital lender has now raised more than £100m in the last 12 months.

The company intends to use the funds for the ongoing growth and development of the bank.

Led by CEO Mark Mullen, Atom is an app-based bank, which is working to provide customer support via phone, chat, email and social channels. Launched in April 2016, the bank offers mortgages and savings through its app, alongside secured business lending for small and medium-sized enterprises.

Based in Durham with a team of over 470 people, Atom is an engaged and active member of the North East Community. In 2022, the company signed a five-year Memorandum of Understanding with Durham University to progress key research and diversity initiatives.

FinSMEs

25/11/2022