Consumer software platform Atom Finance this week announced a $28 million Series B funding round led by the SoftBank Latin America Fund with participation from existing investors General Catalyst and Base Partners. The funding will be directed to partnership and subscriber growth, staffing, and opening an office in Miami, Florida.
“We created Atom to provide unparalleled access to institutional investing resources and tools, filling the white space between overpriced, clunky institutional platforms and antiquated websites tailored to retail investors. Our partnership with SoftBank and new capital will allow us to reach more investors, continue to enhance the experience we provide to users and accelerate our B2B product integration efforts with financial institutions,” said Eric Shoykhet, founder and CEO of Atom Finance.
“Atom is disrupting the investment research market through the implementation of best-in-class technology, software and sector expertise,” said Shu Nyatta, managing partner at SoftBank’s SBLA Advisers Corp. and head of SoftBank’s Miami Office. “SoftBank is excited to partner with Atom as they pioneer a modernized investment experience for both investors on its platform and through B2B product integrations with financial institutions worldwide.”
The Miami office will complement the headquarters in New York. Shoykhet will be among those headed to Miami.
Atom Finance launched in 2019 and has attracted a total investment of $50 million. Its consumer software platform facilitates access to institutional-quality investment resources.