BBVA invested $119m to increase its stake in the mobile bank to 39%, with the round's proceeds to support technology development and growth.
Financial services firm BBVA led a £149m ($207m) funding round for UK-based mobile banking platform Atom Bank yesterday with an investment of approximately $119m.
Asset manager Toscafund provided approximately $76m as part of the round, which increased BBVA’s share of Atom to about 39%. Undisclosed existing shareholders also participated.
Founded in 2014, Atom has launched a banking service without physical branches that is designed to be accessed through a user’s mobile device. Customers can open a savings account or secure…
