Neobank Atom has raised a round of more than $100 million led by Spanish banking group BBVA and investment manager Toscafund.
Compared to Monzo and Revolut, Atom is known for its focus on the lending market. The bank says it passed more than $4 billion in mortgage completions and over $1 billion in lending to small businesses in 2021.
“Our investors are now backing our continued growth," said CEO Mark Mullen in a statement."This capital will allow Atom to build on the progress we have made, and to keep offering real competition for people who want to own their own home, grow their own businesses, and — at a time of rapidly rising costs — save for the future."
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