Embedded investing platform expands funds with additional $30m investment by Atomic
Atomic, a leading fintech platform, has announced the successful acquisition of $30 million in growth capital, led by Aquiline and Brewer Lane. This investment will accelerate Atomic's mission to reshape the wealth management landscape and make financial prosperity accessible to everyone.
David Dindi, the CEO of Atomic, shared his vision, stating that the company is building a future where everyone can harness the power of compounding to achieve financial prosperity. The platform aims to achieve this by decoupling the distribution of investing services from the underlying brokerage infrastructure.
This innovative approach has already shown significant results. Atomic has expanded end-investor accounts by an impressive 52 times over the past year, and the platform now processes more than $20 billion in annualized trading volume.
The new investors include venture capitalists, leading insurers, and global technology players, reflecting Atomic's expanded mandate. Notable participants include Nationwide Ventures, Intuit Ventures, Erie Strategic Ventures, Samsung Next, Appia Ventures, QED Investors, Anthemis, Y Combinator, Baillie Gifford, and Rosecliff Ventures.
Max Chee, co-head of Aquiline's venture strategy, highlighted that Atomic is redefining the wealth management landscape by making it easier for financial institutions to embed investing into their customer experience. The platform enables any institution with customer relationships to become a conduit for investing, aiming to remove barriers to access.
Atomic's goal is to enable these institutions to achieve parity with incumbent brokerage firms without making brokerage a core in-house competency. By decoupling distribution from infrastructure, Atomic is embedding investing into everyday apps and services, helping more people build wealth.
The funding will be used to accelerate Atomic's regulatory expansion and scale its investing platform. This expansion will broaden the platform's product suite and deepen its work with fintechs, banks, insurers, and brokerages worldwide.
Atomic powers investing products for a diverse range of partners globally, including consumer finance apps, private markets investing platforms, and business banking providers. This separation allows fintechs, banks, and non-financial brands to embed brokerage and wealth management capabilities into their own offerings in a short period.
The platform's innovative approach is unlocking a new wave of innovation among fintechs and incumbents, lowering costs and expanding access to wealth management. The global wealth management market is approximately $100 trillion, but wealth services have historically reached only a fraction of the world's population. With Atomic, this is set to change, as the company continues to expand and make financial prosperity a reality for all.
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