Atom Bank continues investor base increase
Thu, 30th October 2014

Atom Bank continues investor base increase

By Matthew Ord, Digital Staff Writer

Atom Bank is continuing to increase its investor base amid reports it is seeking to raise £20m ahead of its launch next year.

The UK's first digital-only bank is apparently seeking the finance from both new and existing shareholders.

By the middle of next year, it expects to employ about 160 workers and has ambitions to increase staff numbers further as it enters the market.

A statement from Atom said: "Atom continues to increase its investor base and, as a plc, the company’s shareholder register will be updated as new commitments are finalised.

"We are very excited by the continuing progress that is being made with our partners and investors, and we will be making further announcements about new partners and their work with us very shortly.

"The team in Durham is growing on a weekly basis and we plan to launch into the ever-growing digital banking market during 2015."

The bank previously appointed Newcastle-based JK Property Consultants to secure office space in Durham for its 20-strong team, and it has also received a six-figure investment from Middleton Enterprises.

Article by
Matthew Ord

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category North East  |  source Insider Media