- UK challenger Atom Bank partners with Funding Circle for lending.
- Up to £150 million to be deployed for small businesses.
- The third partnership between Atom Bank and Funding Circle.
- Total lending commitment reaches £800 million.
- Atom Bank leverages Funding Circle’s Recovery Loan Scheme (RLS) for SMEs.
- Funding Circle CEO highlights the importance of RLS in supporting businesses.
- Atom Bank was praised as a “long-standing and returning investor” by Funding Circle.
- Atom Bank’s technology and platform to aid in delivering funds to UK SMEs.
- Atom Bank is in a strong position after a successful capital raise.
- The partnership follows Atom Bank’s recent £100 million equity capital raise.
- Atom Bank reported its first operating profit in July after a £2 million loss the previous year.
Funding Circle and Atom Bank to provide an additional £150m in financing to UK SMEs
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