Atom Bank

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Atom bank plc.
Type
Public limited company
IndustryPersonal Finance, Banking
Founded2014; 4 years ago (2014) in Durham, United Kingdom
FounderAnthony Thomson, Mark Mullen
Number of employees
250
Websitehttps://atombank.co.uk

Atom Bank is a digital financial company and challenger bank. It provides banking services through a smartphone app.[1] It has no physical outposts. As a smartphone app-based bank, it does not have a traditional online banking outlet, as users must use the application to bank.[1][2][3][4][5]



History


Atom first secured its banking license in June 2015.[6] The company publicly launched in April 2016.[2]


In March 2017 it raised £83 million in venture funding, which brought its total funding to over £200 million.[6][7]


On 9 March 2017, the bank experienced over 5,000 new customer signups in one day, a new record.[1] The surge led to the end of a special interest rate offer, which created controversy in some financial publications.[8]



References




  1. ^ abc Murray, Amelia (March 23, 2017). "5,000 join Atom Bank in just one day". The Telegraph. Retrieved November 6, 2018..mw-parser-output cite.citationfont-style:inherit.mw-parser-output qquotes:"""""""'""'".mw-parser-output code.cs1-codecolor:inherit;background:inherit;border:inherit;padding:inherit.mw-parser-output .cs1-lock-free abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-lock-limited a,.mw-parser-output .cs1-lock-registration abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-lock-subscription abackground:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registrationcolor:#555.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration spanborder-bottom:1px dotted;cursor:help.mw-parser-output .cs1-hidden-errordisplay:none;font-size:100%.mw-parser-output .cs1-visible-errorfont-size:100%.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-formatfont-size:95%.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-leftpadding-left:0.2em.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-rightpadding-right:0.2em


  2. ^ ab Christie, Sophie (April 16, 2018). "What is mobile banking and who are the digital challenger banks and are they any good?". The Sun. Retrieved November 6, 2018.


  3. ^ Connington, James (March 15, 2017). "Atom Bank to cut market-leading savings bond rates at midnight". The Telegraph. Retrieved November 6, 2018.


  4. ^ "Atom Bank: Meet the bank that is having to turn away customers". The Week. March 28, 2017. Retrieved November 6, 2018.


  5. ^ "New-generation UK banks challenge with technology". Financial Times. March 9, 2017. (Subscription required (help)).


  6. ^ ab Dorbian, Iris (March 6, 2017). "Atom Bank will snag 83 mln pounds". PE Hub. Retrieved November 6, 2018.


  7. ^ Symcox, Jonathan (March 6, 2017). "Atom Bank raises further £83M capital". BusinessCloud. Retrieved November 6, 2018.


  8. ^ Byers, David (March 18, 2017). "The app-based bank that has too many customers". The Times. Retrieved November 6, 2018.




External links


  • Official website







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