# Atomic Loans

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/atomic-loans

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: https://atomic.loans
- Total disclosed funding: $2.4M
- Latest round: Seed (Apr 15, 2020)
- Investors on record: 3

## About

Atomic Loans Inc. is a Toronto-based company specializing in innovative loan solutions that streamline the borrowing process and enhance the user experience for customers seeking financial assistance.Founded in 2004 in Toronto, Canada, Atomic Loans Inc. focuses on providing efficient loan solutions. The company has not undergone significant pivots in its strategy. The founders, Matthew Black and Tony Cai, aim to revolutionize the lending industry. In its latest funding round, the firm raised CAD 3.4 million in Seed funding on April 15, 2020, led by Initialized Capital, with participation from ConsenSys Ventures and Morgan Creek Capital Management. The total amount raised to date stands at CAD 3.4 million.Atomic Loans Inc. offers a range of financial products that simplify the borrowing process for individuals. Their services are designed to provide flexible loan options tailored to the needs of customers, leveraging technology to facilitate efficient applications and approvals. The platform emphasizes user-friendly experiences, ensuring customers can navigate financial solutions seamlessly.Atomic Loans Inc. generates revenue through various transaction fees associated with its loan services. The company implements competitive interest rates on loans, creating a sustainable revenue model while meeting the financial needs of customers.Atomic Loans Inc. plans to launch new loan products tailored for specific customer segments by the end of 2023, aimed at enhancing accessibility for underserved markets. The company also aims to expand into the U.S. market within the next two years, focusing on regions with high demand for innovative loan solutions. The CAD 3.4 million raised in Seed funding will support these initiatives, enabling the development of new products and expansion efforts.

## Funding rounds

- Seed, Apr 15, 2020, $2.4M — Morgan Creek Capital Management, Initialized Capital, ConsenSys Ventures

## Investors

- Morgan Creek Capital Management — Seed
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed
- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Seed