Atom Bank raises £50m in new fundraising round

Atom says it is also making progress on re-platforming into the cloud and is preparing to launch new products.

Bridget Rosewell, chairman at Atom, said: “This latest raise recognises the enormous progress that we have made on our journey to disrupt UK banking, and is a clear signal of our investor’s support for our future plans.”

Mark Mullen, CEO of Atom, added: “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. 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.”