Atomic

Atomic offers an investing API infrastructure for FinTech startups and financial institutions (including credit unions and banks) to offer trading and wealth management services to their end clients. The infrastructure delivers regulatory, operational, and compliance expertise, and is offered in 60 markets (as of November 2021) across the US, Europe, Africa, and Latin America.

The company’s main aim is to democratize investing and provide retail investors access to investment types typically reserved for wealthier individuals, in addition to offering the standard single stock trading and ETF investing infrastructure. These exclusive investments include direct indexing (creating a portfolio of individual stocks to mimic an index return); environmental, social, and governance (ESG) investing; tax-loss harvesting; and multi-currency trading. Atomic claims to be the only company offering these investments at zero account minimums.

The company offers custom plans for its customers and reportedly charges its financial partners’ fees on a “case-by-case” basis. Atomic claims that users can build investment FinTech solutions in “weeks,” through the platform. Its clients include Upside (a FinTech dealing with student debt), which used the infrastructure to build its wealth management offering for users to finance student loans and reinvest savings.

Atomic emerged out of stealth in November 2021, alongside a USD 25 million Series A funding co-led by QED Investors and Anthemis. The funds were earmarked for recruitment across its operations, legal, engineering, and sales teams, to boost the overall headcount to 50 in 2022 from 16 in November 2021. The company also plans to scale its capacity to handle over three million accounts by 2022 and offer its platform to Asian partners in the future.