BankingBusinessFinTech

Atom Bank on track for balance sheet growth following £100m equity raise

  • 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.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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