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
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.