North East based digital-only Atom Bank could on the cusp of a major fundraising round, reports suggest.
The Durham-based challenger is said to be eyeing a £100m capital fundraise using an upcoming share sale, it has been reported. It follows a move last November in which Atom sought £30m from existing investors BBVA, Toscafund and Infinity Investment Partners.
At the time, Atom chief executive Mark Mullen said the bank had surpassed £4.5bn in retail deposit, and that 2022 had been a year of continued progress and development. Earlier in the year, Atom signalled that it was on the verge of moving into profit having recorded operating profits in each quarter in the year to the end of March 2022.
