<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Atom bank, a UK-based neobank serving retail and SME customers, partnered with Funding Circle, a UK-based P2P SME lending platform, to lend up to GBP 150 million (~USD 189.2 million) in funds to small businesses in the UK. This marks the third collaboration, bringing Atom Bank's total lending via Funding Circle to around GBP 800 million (~USD 1.0 billion).
      </p>
    </li>
    <li>
      <p>
        This new partnership will support SMEs through Funding Circle&rsquo;s Recovery Loan Scheme (RLS) product and existing loan products. Atom bank will lend to the SME sector through the platform alongside a wide range of investors, including banks and asset management companies.
      </p>
    </li>
  </ul>
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  </p>
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  <p>
    <a href="https://fintech.global/2023/11/23/funding-circle-and-atom-bank-join-forces/">
      Fintech Global
    </a>
  </p>
  <p>
    <a href="https://ibsintelligence.com/ibsi-news/funding-circle-and-atom-bank-announce-300m-lending-partnership/#:~:text=Funding%20Circle%20and%20Atom%20bank,Circle%20to%20%C2%A3650%20million.">
      IBS Intelligence
    </a>
  </p>
  <p>
  </p>
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Neobanks

PROMINENT_CATEGORY

<div>
<p>Atom bank has partnered with Funding Circle to lend up to GBP 150 million to small businesses in the UK. This is their third collaboration and brings Atom Bank's total lending via Funding Circle to around GBP 800 million. The partnership will support SMEs through Funding Circle's Recovery Loan Scheme and existing loan products. Atom Bank will lend to the SME sector through the platform alongside other investors such as banks and asset management companies.</p>
</div>

Atom Bank extends partnership with Funding Circle to lend to SMEs

DISRUPTOR_PRESENT

<div>
 <ul>
  <li><p>Atom bank, a UK-based neobank, has raised GBP 100 million in equity funding from existing shareholders including BBVA, Toscafund, and Infinity Investment Partners. Total funds raised by the company now stand at GBP 674 million. The funds were raised at a valuation of GBP 362 million, lower than last year.</p></li>
  <li><p>The company plans to use the funds to strengthen its balance sheet and accelerate lending with improved offerings.</p></li>
  <li><p>Atom bank has reported a 62% revenue growth and its customer base has doubled to reach 224,000.</p></li>
 </ul>
</div>

All Updates

Atom Bank extends partnership with Funding Circle to lend to SMEs

Atom raises GBP 100 million in additional equity funding at lower valuation

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Atom Bank raises GBP 30 million from existing investors and postpones listing aspirations

Atom Bank is on the lookout for investment bankers as it seeks to go public

Atom Bank achieves full registration to the Standards of Lending Practice

Atom Bank raises more than GBP 75 million in funding