Atom Bank has raised more than £100m in new equity capital from its long-term shareholders, in what is believed to be the largest private capital raise by a digital bank in the UK this year.
BBVA, Toscafund and Infinity Investment Partners have provided the funding, which will be used to accelerate lending following a period of expansion.
Atom also plans to drive forward balance sheet growth, and create a more compelling proposition for savers, homeowners, first time buyers, and SMEs.
Source: Insider Media
