Great Achievement! Seems a lot of money at this stage (going live in 2016) as well as the number of players active in the market all becoming the new Bank! time will tell
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All major banks today offer a way for customers to bank online, but this is not stopping a rush of startups emerging to build new, mobile and online-only banks from the ground up. In one of the latest developments, Atom Bank, a UK mobile banking startup and app aimed at hip, youthful consumers that has yet to launch its commercial service, is today announcing that it has closed an £82 million ($128 million) round of funding. Other investors in this round include previous backers Woodford and Toscafund, as well as Marathon and Polar Capital.
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