Existing investor BBVA maintained its 29.5% stake in the mobile bank, investing $36m to lead its latest round, raised as Atom prepares to roll out new features.
Financial services firm BBVA has led an £83m ($102m) funding round for UK-based mobile banking service Atom Bank that valued it at $320m, TechCrunch reported on Friday.
Fund manager Woodford Investment Management and hedge fund sponsor Toscafund Asset Management also took part in the round together with undisclosed additional investors.
Atom launched its digital banking platform in April 2016 after about two years of preparation. It offers customers a fixed saver account and has branched out into mortgages and business…
