Atomic Raises $40 Million in Series B Funding Round

Atomic, the market leading provider of payroll connectivity solutions, announced that it has raised a preemptive $40 million Series B funding round. The company will invest the proceeds to advance its vision: to enable consumers with limited access to financial services to invest, save, and build wealth by unlocking the power of their paychecks.

"Our goal is to build a fintech infrastructure that enables a new generation of bank accounts and transforms banking applications into consumer-centric platforms,"said Jordan Wright, Co-founder and CEO of Atomic.

Atomic's vision and its solutions have been embraced by some of the most compelling and innovative neobanks and fintech platforms who are reshaping an antiquated financial services landscape, including Coinbase, Dave, Welcome Tech, and Propel, as well as over 70 financial institutions and technology partners.

The Series B round was co-led by Mercato Partners and Greylock, with participation from Core Innovation Capital, Portage, and ATX Venture Partners. The funding follows a Series A round of $22 million announced in October 2021.

With this latest funding, Atomic will continue to invest in growing its team and pioneering new solutions for the industry including enabling consumers to qualify for and repay financial obligations directly from their paycheck, tap earned but unpaid wages ahead of their pay cycle, and securely access their payroll data with the market's first passwordless authentication with its proprietary Uplink technology.