Tagged: atom bank

Digital Banking: UK’s Atom Bank Hires Andy Sturrock to Serve as Chief Technologist

Atom Bank on iPhone

UK’s Atom Bank has reportedly appointed Andy Sturrock as the banking platform’s new Chief Technologist. Andy joins Atom from BP plc, where he ran the firm’s Digital Consumer Channels and Offers teams, including the BPMe app and loyalty schemes. During his time working at BP,… Read More

UK’s Atom Bank Introduces Quick Quote Tool for Faster Business Loan Quotes

Atom Bank on iPhone

Atom Bank is reportedly expanding Portal, which is their next-gen broker gateway- in order to include their Quick Quote tool. As noted in the update, this addition will enable brokers providing secured business loans to self-assess and create an indicative quote within the portal before… Read More

Atom Bank Co-founder Craig Iley’s Fintech Firm BFM Acquires £1.3M via Seed Round

One Pound Coin

Business Finance Market (BFM), a Fintech established by the businessman behind two UK-based banking challengers Craig Iley recently acquired £1.3 million in capital via a seed round. BFM, which maintains offices in Newton Aycliffe in County Durham, is planning to enhance the process bringing lenders… Read More

Atom Bank Plans IPO in 2023

Atom Bank on iPhone

Atom Bank, a digital bank minus any physical branches, is planning to pursue an initial public offering (IPO) in 2023, according to the company. Atom recently completed a £75 million funding round valued at £435 million. The funding was led by BBVA who acquired a… Read More

UK’s Atom Bank, a Mobile-Only Banking Platform, Reports Solid Progress Despite Considerable Losses

Atom Bank on iPhone

Atom Bank, the North East Fintech firm, has reported “strong progress” during its most recent annual report, “narrowing its losses and generating a monthly net interest margin (NIM) of 114bps by March 2021 (up from 10bps in March of 2020).” According to the update from… Read More

Atom Bank Exec Explains How They’re Not Your Typical Bank, After Fintech Exceeds £3B in Residential Mortgage Lending

Atom Bank on iPhone

Earlier this month, the team at Atom Bank reported reaching a key milestone: £3 billion in residential mortgage lending. Hitting this number “represents an important step for our bank, and gives us a real sense of progress as we continue helping more to buy, move,… Read More

UK’s App-based Banking Platform Atom Bank Reports £3B+ in Residential Mortgage Completions, £1B+ Deposits into Saver Accts

Atom Bank on iPhone

UK-based Atom Bank, which claims to be the very first app-based bank, reports that it has surpassed £3 billion in residential mortgage completions. The Fintech has also reached £1 billion in total deposits into its Instant Saver accounts. Since launching operations in November 2016, Atom… Read More

Funding Circle Announces £300 Million Lending Partnership With Atom Bank

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  Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the U.S. and parts of Europe, announced on Friday it has teamed up with Atom Bank to provide £300 million of new funding to small businesses. Through the collaboration, Atom will use… Read More

UK based Mobile Banking Provider Atom Bank Secures £40M via Round led by BBVA, Toscafund Asset Mgmt

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UK-based mobile banking platform Atom Bank has revealed that its £40 million raise is being led by Toscafund Asset Management LLP and BBVA. As the bank aims to reach profitability, the £40 million raise includes “an offer to participate for qualifying shareholders in new ‘A’… Read More

UK’s App-Based Bank Atom Bank to Secure £40 Million From Existing Shareholders; Announces Upcoming Plans, Including IPO

Adam Smith on iPhone X Money Pounds UK

Atom Bank, a UK-based mobile bank, announced on Thursday is to set to raise £40 million from existing shareholders as it moves to profitability from its mortgage and business lending within a year and to IPO the year after. As previously reported, Atom Bank claims… Read More

Atom Bank Receives ID Verification, Risk Monitoring and Other Core Banking Features from Thought Machine and TruNarrative

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Thought Machine and Regtech TruNarrative have partnered to bring identity verification, risk monitoring, and cloud-native core banking to digital bank Atom bank, according to a post by the company. The partnership is described as enabling Atom to use the TruNarrative platform to conduct a suite… Read More

British Business Bank Adds New Lenders to CBILS Including Fintechs

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The British Business Bank has announced nine new lenders for accredited under the Coronavirus Business Interruption Loan Scheme (CBILS), bringing the total number of CBILS lenders to over 60, according to a release. The new lenders include: Assetz Capital, Atom bank, Ebury, Fleximize, Investec, Social… Read More

Co-founder of Atom Bank Joins DayTek Capital as Advisor, Digital Bank Infinity Plans Launch

Infinity Daytek Capital

The former CTO and co-founder of Atom Bank, Paul Hanks, has joined Australia based DayTek Capital as a Technology Advisor. DayTek Capital reports that it is on track to launch “Infinity” within the first 6 months of 2020. Infinity seeks to become the first “product-disruptive… Read More

UK-based Fintech Thought Machine Launches Customizable Smart Contracts for Repayments

Bank Banking First National Bank

London-based Thought Machine, a Fintech firm that aims to address the banking sector’s dependence on legacy IT infrastructure, revealed on November 6 that it’s launching “Vault Rare.”  Vault Rare is a new product that will be integrated on top of Thought Machine’s cloud-native banking platform,… Read More

Fintech: Atom Bank, iwoca, Modulr Finance, & Currencycloud, All Benefit from BCR Grant

UK British Pound Money

The Board of the  Banking Competition Remedies Ltd (BCR) has announced the awards of the “Capability and Innovation Fund Pool C.” This Fund is designed to “facilitate the expansion of business offerings to include lending or payments services to SMEs in the UK or international… Read More

Atom Bank Secures £50 Million Through Latest Investment Round

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UK-based digital banking group Atom Bank announced on Monday it secured £50 million through its latest investment round, which included participation from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus LLP. “Atom continues to be a fast-growing challenger in the UK’s lending… Read More

BBVA Announces Completion of £85.4 Million Investment in UK-Based Atom Bank

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On Friday, BBVA announced it has completed the £85.4 million investment into Atom, which was announced in March of this year. According to the firm, With this transaction, it increases its stake in UK’s first bank built exclusively for smartphone or tablet to 39%. Atom also secured capital… Read More

Timelio Receives Investment from Anthony Thomson, founder of Atom Bank & Metro Bank

Anthony Thomson

Timelio, an online invoice financing marketplace operating in Australia, has received the backing of Anthony Thomson – a leading Fintech entrepreneur who is founder and Chairman of Atom Bank and founder and former Chairman of Metro Bank. Both Atom Bank and Metro Bank have positioned… Read More

Digital Only Challenger Bank Atom Bank Expected to Announce Funding Round Soon

UK Payments iPhone Money

Atom Bank, a digital only challenger bank unencumbered by antediluvian legacy technology and a culture the fears change, is part of the emerging sector of Fintech poised to kick brick & mortar banks to the curb. Receiving a UK banking license for their virtual operation in… Read More

Atom Bank has Filed to Raise Equity Capital in the US

Mark Mullen and Anthony Thomson T shirts

Atom Bank has filed a Reg D, 506b, notice of an exempt offering with the Securities and Exchange Commission.  According to the document, Atom Bank is seeking approximately $124 million in equity capital. The digital only challenger bank is working with Macquarie Capital USA on the… Read More

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