Atom Bank closes a £75 million round led by BBVA, Toscafund and Infinity Investment Partners.

Atom Bank, a Durham, UK-based neo-bank, announced the closing of a fresh funding round at £75 million ($101.5M).

The money was raised from the existing shareholders of the company led by BBVA, Toscafund Asset Management and Infinity Investment Partners. Post deal, BBVA will become the main shareholder, with a 39% stake.

Atom Bank, founded in April 2014 by Anthony Thomson and Mark Mullen (CEO), was granted a banking licence in 2015 and launched to the public in 2016, providing mortgages and savings accounts, along with secured loans for small businesses. The company says that it provided loans of £3 billion to UK mortgage customers and over £1bn in loans to SMEs from the 2014 launch to the end of 2021.

Atom Bank previously raised £40m at the beginning of 2021.