Atom Bank US $ 732m
Varo Bank
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Atom Bank US $ 732m
A bank built exclusively for mobile , Atom Bank was the first digital-only bank founded in the UK , and the first to be granted a full UK regulatory licence . Founded by Metro Bank Co-founder Anthony Thomson and former First Direct CEO Mark Mullen , the fintech has generated £ 574m ( US $ 732m ) in funding since its founding . With investment from Spanish bank BBVA , Atom Bank has expanded its services to offer mortgages and savings accounts , along with secured loans for small businesses .
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Varo Bank
US $ 992.4m San Francisco-based Varo Bank is a digital bank offering premium banking services wrapped in an inclusive design . Raising US $ 992.4m over seven rounds , Varo Bank has received investment from strategic partners including Warburg Pincus , The Rise Fund , Gallatin Point Capital , Harbourvest Partners , Progressive Insurance , Russell Westbrook Enterprises , and Lone Pine Capital . Leveraging a team of banking veterans and technology experts , Varo Bank has built a mobile app offering access to premium banking , including fast cash access , high-yield savings , and automatic savings tools products .
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