Atom Financial institution raises £50m from buyers


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Atom Financial institution has raised £50m from a lot of buyers together with Woodford Affected person Capital Belief.

Different buyers embrace BBVA, Toscafund, and Perscitus LLP.

Woodford Affected person Capital Belief’s web site exhibits that Atom Financial institution is a high ten holding of the belief as of 30 June 2019.

Atom Financial institution says that the brand new discovered capital might be used to fund development within the lender’s know-how arm.

It provides that its whole lending has elevated 76 per cent previously 12 months to succeed in £2.4bn.

Atom Financial institution chief government Mark Mullen says: “What’s vital to clients is sweet merchandise, good service and good worth so that’s the place now we have spent the vast majority of our time and power.

“We’re rising our workforce right here within the North East and can add 50 new roles this 12 months to assist us develop the vary of services we provide, beginning with prompt entry financial savings within the autumn.”