- UK challenger Atom Bank raises over £100 million in equity capital.
- “Long-term” shareholders BBVA, Toscafund, and Infinity Investment Partners participate in the private capital raise.
- New funds are to be used to “ramp up” lending capacity, with £4 billion already loaned to UK homeowners and over £1 billion to small businesses.
- CEO Mark Mullen emphasizes the funds will drive growth and franchise development.
- Atom Bank shows a positive growth trajectory, reporting its first operating profit and 62% revenue growth with 224,000 customer numbers during FY23.
