The BBVA-backed mobile bank is set to announce $125m in new funding over the next few weeks, according to chairman Anthony Thomson.

Atom, the UK-based mobile only bank backed by financial services firm BBVA, is set to announce a £100m ($125m), chairman Anthony Thomson has confirmed to Business Insider.

Founded in 2014, Atom launched its digital bank in April 2016 and fully rolled it out to UK-based users in October. It has so far received more than £110m in deposits across its two Fixed Saver accounts, and also offers business lending and mortgages.

The company raised £82m ($124m at the time)…