Atom Finance raises $28M in Series B funding round led by SoftBank
Atom Finance, a consumer software platform providing access to institutional-quality investment resources, today announced a $28 million Series B funding round led by the SoftBank Latin America Fund with participation from existing investors General Catalyst and Base Partners.
The funding comes on the heels of the firm’s recently announced partnership with Banco Inter, the full-suite digital platform that revolutionized the banking market in Brazil.
Since Atom’s platform launched in 2019, the company has raised nearly $50 million from premier venture capital firms and angel investors. Atom will channel the new funding to fuel Premium subscriber growth, proliferate partnerships and integrations with financial institutions, open an office in Miami, and continue to build out a best-in-class team across all parts of the company, including Product, Engineering, Growth and Business Development.
“We created Atom to provide unparalleled access to institutional investing resources and tools, filling the white space between overpriced, clunky institutional platforms and antiquated websites tailored to retail investors. Our partnership with SoftBank and new capital will allow us to reach more investors, continue to enhance the experience we provide to users and accelerate our B2B product integration efforts with financial institutions,” said Eric Shoykhet, Founder and CEO of Atom Finance.
The New York-based company, plans to open an office in Miami in response to the company’s growing footprint both in the U.S. and abroad. Mr. Shoykhet will anchor the founding contingent of Atom employees based in Miami.