UK based challenger bank has raised £50m from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus, valuing the company at an estimated £530m.
“What’s important to customers is good products, good service and good value so that’s where we’ve spent the majority of our time and energy,” said Mark Mullen, Atom’s CEO, in a statement. “We’re growing our team here in the North East and will add 50 new roles this year to help us expand the range of products and services we offer, starting with Instant Access savings in the autumn. More than ever we are convinced of the importance of Atom’s role to drive positive change in UK banking.”