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Atom Bank on track for balance sheet growth following £100m equity raise | Fintech InShorts: Latest fintech news, analysis by experts

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

By Laura M

November 3, 2023

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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