The funding follows a £75m raise in February and will support ongoing growth and retail lending.
"I’m delighted that the bank’s continued success means that BBVA, Toscafund and Infinity Investment Partners have added to their stake in Atom, and taken new capital investment during 2022 to over £100m. Our prudent, secured lending model, backed by award winning retail savings allows us to make the very most of capital to support income growth and boost customer numbers. This will remain our focus."
Leo Capital and Passion Capital led the pre-seed round to help challenge traditional card payment rails.
"We are grateful to have the support and partnership of such strong investors validating our plans to break the card payment duopoly in the UK and to improve cash flows and economics for the country’s small merchants. At a time of record inflation and in the midst of a cost-of-living crisis, the UK’s small and medium merchants are struggling to contain their costs, provide great service to the customers, and maintain profit margins. Atoa is here to empower merchants and to improve their cash flow and bottom line."
Praetura Ventures and Blackfinch Ventures led the £4m investment round to support software development and team growth.
"The staffing crisis in the service sector is a real issue for the growth of the UK economy. At Placed, we are incredibly proud to be at the forefront of driving innovation to support these industries, and we have seen immense demand for our business in the last 18 months."
The over-subscribed funding round was supported by private UK and European investors and the Capital Pilot Boost Fund.
"Throughout two years of concept development, we’ve proven our concept and demonstrated that mental wellbeing and coaching should be prioritised in sports performance. We can’t wait to scale our product and continue creating immersive content for amateurs and pros alike."
