Durham, UK based app-only bank Atom Bank has raised £100m in equity financing from previous investors including Toscafund and BBVA. Atom Bank is a mobile banking application that offers a range of personal and business banking products. Users can login using face and voice recognition and receive support from a 24/7 customer service team.
Chairman Anthony Thomson announced last August that the bank planned to raise £100 million in the first quarter of 2017. Thomson confirmed to Business Insider that Atom Bank will be announcing a funding round "of that order ... in the next few weeks." "To date, we've raised £135 million. We will just be announcing the closing of our next capital raise in the next few weeks," Thompson told Business Insider.