Atom, the U.K.’s first app-based bank, has raised £83 million as it looks ahead to the release of new products and increased growth.
According to The Financial Times, the bank’s total capital raise has now reached £219 million. This latest round was backed by major shareholders, including Spanish bank BBVA, fund manager Neil Woodford and Toscafund. BBVA remains Atom’s main strategic investor, with a 29.5 percent stake.