Atom bank raises more than £75m to fuel growth as it heads toward IPO

Atom, the UK’s first app-based bank has raised more than £75m in new equity priced at 70p per share as it continues to grow its profitability and drive to IPO.

The raise will be led by by BBVA and by Toscafund with co-investors Infinity Investment Partners, and is now being opened to other existing shareholders.

Today’s announcement follows a £40m raise in April 2021. The Durham-based digital lender has now raised more than £115m in the last 12 months.

Read more: Atom