Atom bank: Raises £30m to fuel lending and further growth

Atom bank: Raises £30m to fuel lending and further growth

• Atom bank is the UK’s first app-based bank, on a mission to make the experience of borrowing and saving faster
• Agreed terms with BBVA, Toscafund, and Infinity Investment Partners to add a further £30m in equity to its balance sheet
• The money will be used to fuel further lending and drive the ongoing growth and development of the bank
• It is also another positive step in plans for growth and a future public market listing
• Growth in both lending and retail deposits has driven a significant increase in net interest income
• The bank continues to provide a great deal for savers, winning customers with its combination of ease, speed