#DigitalBanking / Atom Bank bids to raise fresh funds through share sale

Launched in 2016, the UK digital-only bank has taken £1.8bn in customer deposits and lent £2.4bn.

BBVA, which owns 40% of Atom Bank, recently passed up the opportunity to exercise an option to take full control of the bank.

[Sky News reports] that Atom Bank is considering raising between £50m and £150m through the share sale in the Autumn, depending on demand…

https://www.finextra.com/newsarticle/36445/atom-bank-bids-to-raise-fresh-funds-through-share-sale