Atom Bank – secondary share sale

This is a rare opportunity for private investors to buy secondary shares in a profitable later-stage business, Atom Bank, the UK’s first app-based bank. Atom Bank’s existing backers include leading shareholder Spanish banking group BBVA, and Schroders.

Founded by the co-founder of Metro Bank, Anthony Thomson, and former CEO of First Direct, Mark Mullen, Atom Bank was launched in 2016 as a simple-to-use, automated and low-cost digital bank for savers, home buyers and small businesses.

A challenger to high street banks lumbered by legacy systems, Atom’s app-based technology serves customers far more quickly and cost-efficiently.

Atom Bank is now rated one of the UK’s most trusted banks on Trustpilot (4.8/5, correct at 10 October 2025). In 2025, it was also named “Best Bank” in financial services review site Smart Money People’s Mortgage Lender Benchmark survey – and “Best Online Lender” by What Mortgage Awards for the seventh year running.

The bank has 272,000 customers (19% up from FY24). Deposits are up 31% to £7.5 billion, mortgage balances up 31% to £4.2 billion, and it delivered £25 million in operating profit in FY25.

Atom aims to build a business capable of large scale, significantly expanding in its key markets: retail deposits, residential mortgages, and lending to SMEs.

An existing early investor is selling a small portion of their holding, giving private investors rare access to Atom Bank. This private offer – which is not EIS qualifying – is being arranged by Crowdcube and Wealth Club has negotiated access for our members.

This is a potentially attractive, albeit high risk, opportunity to invest in a maturing, fast-growing company. Opportunities of this kind are normally only open to large institutional investors. Please carefully read all the available documents prepared by the Company and Crowdcube to form your own view.

Atom’s business model aims to avoid expensive-to-run banking products like current accounts or credit cards. It focuses instead on expanding market share in retail deposits and the UK banking’s most profitable parts: residential mortgages and SME lending.

Its technology enables low marginal cost per new customer. Atom aims for this to provide operational leverage: as the bank grows business and lending volumes, fixed and semi-fixed operational costs should decrease proportionally per pound lent – not guaranteed. Atom aims to use this cost advantage to remain more competitively priced, supporting its ambitious customer acquisition and retention objectives.

• Mortgages - Mortgage balances are up year-on-year 31% to £4.2 billion. £1.4 billion of completions in the year, including £412 million buy-to-let via partnership. Median application-to-offer time is three days across prime residential.
• SME lending - Total SME balances: £1.1 billion, including £0.8 billion secured on commercial property. Retention of maturing secured loans improved to 60%; agreement-in-principle in one working day and offer in seven days, on average.
• Scale & efficiency – Atom has a single headquarters in Durham, no branches or contact centres. 99% of savings customers self-serve through the app. Roughly 95% of mortgage applications receive an instant decision.
• Customer trust – 272,000 customers (up 19% year-on-year). With a Trustpilot 4.8/5 rating, Atom is one of the UK’s most trusted banks.
• Institutional backing - Atom is backed by long-term institutional investors that have supported it through multiple funding rounds, including BBVA and Schroders.

This is a single company offer with no diversification. You could lose all the amount you invest.

Like all investments available through Wealth Club, it is only for experienced investors happy to make their own investment decisions without advice. 

Before you invest, please carefully read the Summary of Key Information document which contains further details on the considerable risks – alongside the Wealth Club Risks and Commitments.

Investors will invest in Atom Holdco plc, the holding company for Atom Bank plc, by acquiring ordinary shares. Please see the Summary of Key Information for more details on the structure. The investment is not EIS-qualifying.

Wealth Club investors will invest at the same price and on the same terms as Crowdcube investors in this round.

The price per share £0.43014 has been calculated by reference to the most recent fundraising events of the Company, its share price range referred to in the annual report plus an allowance for transaction costs including stamp duty of 0.5% (paid by Crowdcube to HMRC on investors' behalf).

All the services Wealth Club and, where applicable, its subsidiaries provide are governed by the Terms and Conditions of the Wealth Club Services.

An initial introducer fee of 2.49% (capped at £500) will be deducted from your subscription and be payable to Wealth Club.

In addition, Crowdcube will pay Wealth Club up to 3% of the amount subscribed. This will not involve any additional costs for investors.

There are no ongoing charges. Crowdcube will receive a performance fee of 5% if the investment is sold at a profit.

This financial promotion has been communicated and approved by Wealth Club Ltd on 29 October 2025

Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.