UK, Durham-based Atom, the app-based banking provider, has successfully raised over $123 million in new equity capital. The funding round received support from major backers including BBVA, Toscafund, and Infinity Investment Partners. Atom plans to leverage the funds to accelerate lending and boost its balance sheet growth while enhancing its offerings for savers, homeowners, first-time buyers, and SMEs. Led by CEO Mark Mullen, Atom, launched in 2016, has demonstrated its financial viability with its first full year of operating profit. The bank has witnessed significant growth, with customer numbers doubling to 224,000, and savings deposits reaching £6.6 billion. With this new injection of capital, Atom aims to continue its success in the competitive mobile banking landscape.