Atom Bank

Atom bank plc.
Public limited company
Industry Personal Finance, Banking
Founded 2014 (2014) in Durham, United Kingdom
Founder Anthony Thomson
Number of employees
 250
Website https://atombank.co.uk

Atom bank is a digital financial company and challenger bank.[1] It provides banking services through a smartphone app.[1] It has no physical outposts. As a smartphone app-based bank, it does not have a traditional online banking outlet, as users must use the application to bank.[1][2][3][4][5]

History

Atom first secured its banking license in June 2015.[6] The company publicly launched in April 2016.[2]

In March 2017 it raised £83 million in venture funding, which brought its total funding to over £200 million.[6][7]

On 9 March 2017, the bank experienced over 5,000 new customer signups in one day, a new record.[1] The surge led to the end of a special interest rate offer, which created controversy in some financial publications.[8]

References

  1. 1 2 3 4 "5,000 join Atom Bank in just one day". The Telegraph.
  2. 1 2 "Atom, Monzo and Tandem - the new banks you've never heard of but here's how they could make you richer". The Sun. 29 March 2017.
  3. ↑ "Atom Bank to cut market-leading savings bond rates at midnight". The Telegraph. 15 March 2017.
  4. ↑ "Atom Bank: Meet the bank that is having to turn away customers". The Week UK.
  5. ↑ "New-generation UK banks challenge with technology". Financial Times. 9 March 2017.
  6. 1 2 "Atom Bank will snag 83 mln pounds - PE Hub". PE Hub. 6 March 2017.
  7. ↑ "Atom Bank raises further £83m capital". UKFast.
  8. ↑ "The app-based bank that has too many customers". The Times. 18 March 2017.
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