Menu visibility control

Video

Events

Startup Surgery

Most Recent

News

Top Tech Stats: Rising ransomware, praise over pay and much more

News

Startup Weekly: IKEA Bootcamp, Nesta’s ShareLab Fund and much more

Government & Policy

Theresa May: Tech giants should be encouraged to do more to fight online extremism

Press Releases

Zzish hits £1.15m funding target on Crowdcube for technology that will democratise quality education and move the needle on learning
Okappy announces the launch of its investment pitch on the AngelsDen equity crowdfunding platform
Recruitment disruptor talent.io poised for further growth with €8m investment secured

Atom Bank gets £83m from investors including BBVA

Atom Bank
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Atom Bank has received £83m in funding from shareholders as it readies to launch a range of new products and boost its growth.

Investors included Spanish bank BBVA, fund manager Neil Woodford and Toscafund Asset Management.

With this round, the UK-app based bank brings its total amount of funding raised to date to £219m.

UK FinTech firms ‘raised $328m in Q1 2017’

Speaking about the raise, Anthony Thomson, Atom Bank’s founder and chairman, said: “Our customers benefit from the backing of highly reputable investors who are supportive of what we are doing.”

Founded in 2014, the company is now valued at £261m according to TechCrunch.

The raise comes after it surfaced that musician and tech enthusiast Will.i.am was expected to sign a deal with the company to act as a board advisor.

As part of the partnership, Will.i.am would, according to Sky News, receive company shares.

Other Anthemis Group, Chris Adelsbach and Polar Capital Holdings have invested in the company in the past.

The news comes after challenger bank Monzo announced a £19.5m Series B with a pre-money valuation of £65m earlier this month.

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Top tech stats

Top Tech Stats: Rising ransomware, praise over pay and much more
posted 18 hours ago

Startup Weekly

Startup Weekly: IKEA Bootcamp, Nesta’s ShareLab Fund and much more
posted on May 26, 2017

Theresa May

Theresa May: Tech giants should be encouraged to do more to fight online extremism
posted on May 26, 2017

Alfa Financial completes ‘largest UK tech listing in almost two years’
posted on May 26, 2017

Tim Farron, Liberal Democrats

The Liberal Democrats Manifesto: what does it mean for UK tech?
posted on May 26, 2017

Startup team

A £20m Series B, Microsoft’s new Surface Pro, mermaid emojis and more in The Week in Tech
posted on May 26, 2017