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UK Digital bank, Atom Bank, announced it has raised a further...

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    UK Digital bank, Atom Bank, announced it has raised a further AUD$161m this week at a valuation of AUD$420m.
    It had revenue of AUD$74,000 last year and booked a loss of AUD$35m.
    It is the most prominent digital bank in the UK.. a smaller, more competitive market than the USA.
    It is backed by BBVA, who owns 29.5%. BBVA acquired one of ChimpChanges competitors, Simple Bank, in the USA 3 years ago for US$120m.
    CCA's market cap is AUD$50m.
    https://www.*.com.au/atom-bank-raises-further-100-million-2017-1?r=UK&IR=T
 
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