26 May 2015
Your browser is unable to support Flash files.

Digital challenger Atom Bank scores investment

01 July 2014  |  5983 views  |  0 20 pound note

British digital banking startup Atom Bank has secured a six-figure investment from Newcastle-based Middleton Enterprises.

Created by former Metro Bank chairman Anthony Thomson and ex first direct CEO Mark Mullen, Atom is aiming to launch early next year, hoping to take advantage of the shift in banking from branches to mobile and online channels.

The move into digital-first banking marks an about-turn for Thomson, who was behind the launch of branch-based Metro Bank in 2010, the UK's first new high street bank for over a century.

With the new venture based in the North East, it has now secured the backing of local businessman Jeremy Middleton, who has committed funds through his investment company.

Says Thomson: "This is a very important endorsement for the bank, not only because of the finances involved, but because investors and business leaders in the region recognise that Middleton Enterprises support businesses they believe have great potential to improve the economy in the North East."
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

27 May, 2014
15 April, 2014
09 April, 2014

Related company news

 
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Cash overtaken by non-cash payments in the...
7433 views comments | 48 tweets | 31 linkedin
UK opts out of European online payments se...
6979 views comments | 21 tweets | 16 linkedin
MasterCard launches personal payments serv...
6375 views comments | 15 tweets | 31 linkedin
Bigger banks may have to set up their own...
5677 views comments | 39 tweets | 31 linkedin
Swift bids to drive ISO20022 harmonisation
4669 views comments | 8 tweets | 15 linkedin

Featured job

Competitive base, 20% bonus, benefits
London, UK

Find your next job