BBVA has returned to contribute to a $62m funding round that valued the digital bank at about $660m, and the capital will support hiring and technology investment.
UK-based mobile financial services platform Atom Bank picked up £50m ($62m) in funding on Monday from investors including financial services firm BBVA.
Woodford Investment Management and Toscafund Asset Management also participated in the round, together with certain funds advised by Perscitus. It increased Atom’s valuation to roughly $660m, according to TechCrunch.
Atom operates a digital bank that customers can access through a mobile app. It offers current and savings accounts, where it has a combined $2.3bn under management, as well…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
