Global Banking Directory
Press Release Distribution Service
Add Bank | Banking Forum | Scam emails!
Fundraising campaign
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Press Release :: Atom Bank

Logo Atom BankAtom bank, the UK’s first bank built exclusively for mobile, has raised £50m in a fundraising round with participation from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus LLP.

The new capital will be used to fund further growth and to continue the bank's investment in technology.

Atom continues to be a fast-growing challenger in the UK's lending markets. The bank's total lending, for homeowners and small businesses, has grown by 76% in the past year to £2.4bn, supported by growth in deposits from £1.4bn to £1.8bn. Right now, Atom is welcoming up to £20m of business and £10m of residential mortgage applications each week, and just last week Atom was named Best Online Lender at the What Mortgage Awards for the second consecutive year.

Simultaneously, Atom is making excellent progress with re-platforming the bank into the cloud and preparing to launch new products using Thought Machine's world-leading smart contract core banking technology. Atom, uniquely across Europe, has been named in the Top 10 of KPMG's Fintech 100 for each of the past four years, and was recently named by the London Stock Exchange Group's 1,000 Companies to Inspire Britain.

Bridget Rosewell, Chairman at Atom said: "This latest raise recognises the enormous progress that we have made on our journey to disrupt UK banking, and is a clear signal of our investors support for our future plans."

Mark Mullen, Chief Executive Officer at Atom said: "What's important to customers is good products, good service and good value so that's where we've spent the majority of our time and energy. We're growing our team here in the North East and will add 50 new roles this year to help us expand the range of products and services we offer, starting with Instant Access savings in the autumn. More than ever we are convinced of the importance of Atom's role to drive positive change in UK banking."

Source: Atom Bank
Date: 23.07.2019
Financial and Banking News
 Trump blasts Bitcoin, Libra, demands they face banking regulations

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank." 11.07.2019 | Source: Reuters

 25th World Islamic Banking Conference announces 4th series of WIBC Leaderboard

Top performing Islamic Financial Institutions from Bahrain, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia are vying for the WIBC Awards recognizing the Best Performing Banks at the Global and Regional level. 28.10.2018 | Source: MEGA

 Financial technologies are need of the hour for Banks in India

The Indian FinTech space is expected to reach $2.4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of India's digitally active consumers are adopting FinTech and are the driving force for new technology adoptions. 02.03.2018 | Source: Explore Exhibitions and Conference

 📰 News Archive

2019 © Global Bank Directory