Hello all,
what’s your opinion on VC-fueled banking starutps?
I am following a fintech e-newsletter (https://fintechwave.substack.com/), and in the present day they wrote about Atom Financial institution from UK. Anyhow, to chop issues brief, Atom Financial institution despite the fact that they’re a non-public firm, revealed an annual report.
Their outcomes?
The financial institution has 123.000 prospects and £3.2B in financial savings balances. By way of funds, the financial institution has £46.8M of income and a lack of £9.1M.
However all of this does not cease them from elevating new funding subsequent yr. The goal for a brand new funding spherical is £50 mil.
What are your ideas on this? Would you open an account with them?
