28 October 2016
Visit www.dh.com

Digital challenger Atom Bank scores investment

01 July 2014  |  8105 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."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Atom Bank appoints CTO

Atom Bank appoints CTO

27 May 2014  |  7682 views  |  0 comments | 7 tweets | 3 linkedin
Digital challenger Atom Bank hires chief innovation officer

Digital challenger Atom Bank hires chief innovation officer

15 April 2014  |  9652 views  |  0 comments | 4 tweets | 4 linkedin
Metro Bank founder to launch digital bank; recruits first direct's Mullen

Metro Bank founder to launch digital bank; recruits first direct's Mullen

09 April 2014  |  12746 views  |  9 comments | 19 tweets | 14 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
Find out moreFind out morehttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Who is commenting?

Top topics

Most viewed Most shared
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade financeCBA and Wells Fargo combine blockchain and...
8958 views comments | 26 tweets | 32 linkedin
hands typing furiouslyThe day I realized Fintech was becoming ju...
8934 views 2 | 24 tweets | 9 linkedin
Robo-advisors not ready to replace humans - Credit Suisse execRobo-advisors not ready to replace humans...
8642 views comments | 19 tweets | 18 linkedin
China emerges as fintech powerhouse as UK dominance weakensChina emerges as fintech powerhouse as UK...
8378 views comments | 31 tweets | 27 linkedin
Facebook Messenger adds PayPal support for bot paymentsFacebook Messenger adds PayPal support for...
7989 views comments | 28 tweets | 22 linkedin

Featured job

Basic £100-120K plus significant MBO and quota Bon...
London based with substantial international travel

Find your next job