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Funding Circle and Atom Bank to provide an additional £150m in financing to UK SMEs

  • 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.

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