# Atom Bank

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/atom-bank

- Industry: Financial Services
- Headquarters: Blyth, UK
- Website: www.atombank.co.uk
- Total disclosed funding: $39M
- Latest round: Angel (Dec 4, 2014)
- Investors on record: 5

## About

Atom Bank plc, based in the UK, functions as the first app-based digital bank, delivering innovative banking solutions for personal and business financial needs.Founded in 2014 and headquartered in Blyth, UK, Atom Bank plc is a digital bank focused on providing financial services through its mobile application. The company operates independently and has not undergone significant changes in its business strategy. Atom Bank successfully raised GBP 100 million in venture funding on November 1, 2023, co-led by BBVA, Infinity Investment, and Toscafund, bringing the total amount raised to GBP 100 million and the current company valuation to GBP 362 million.Atom Bank offers a variety of financial products, including savings accounts, mortgages, and business loans, tailored for retail customers and small to medium enterprises. Their offerings include easy access savings options like the Instant Saver, fixed-term investment accounts, and mortgage services facilitated through independent brokers, all managed through a user-friendly mobile app.For the fiscal year 2024, Atom Bank reported a revenue of GBP 124,575,713.10 and an EBITDA of GBP 24,387,172.90, primarily generated from the interest income of savings and loans, emphasizing the efficiency of their banking operations and customer engagement.In November 2023, Atom Bank plc raised GBP 100 million in funding, which will be utilized to further develop their product offerings and enhance service delivery. The bank is focused on expanding its market presence, with plans to introduce new financial products to meet evolving customer needs, although specific product launch dates have not been disclosed. Atom Bank aims to leverage this funding to solidify its position within the UK market and potentially explore opportunities for growth in new geographic regions.

## Funding rounds

- Angel, Dec 4, 2014, $39M — Polar Asset Management Partners, Anthemis, Renaissance Capital Partners, Outrun Ventures, Growth Capital Ventures

## Investors

- Polar Asset Management Partners (https://capitalatlas.ai/funds/polar-asset-management-partners) — Angel
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Angel
- Renaissance Capital Partners (https://capitalatlas.ai/funds/renaissance-capital-partners) — Angel
- Outrun Ventures (https://capitalatlas.ai/funds/outrun-ventures) — Angel
- Growth Capital Ventures — Angel