The digital bank says its focus on lending has really come to fruition over the past 9 months, with mortgage and commercial lending up 30%.
In 2021 Atom topped £3bn in mortgages and in the year to date its interest margin increased to 1.28% from 0.51% in the prior year and it is now considering an IPO.
“Our investors now support our continued growth. This capital will allow Atom to build on the progress we have made and continue to provide real competition for people who want to own their own home, grow their own business and – in a time of rapidly rising costs – save for the future. It is also a fundamental next step in our journey to IPO.