Atom Bank has reported a monthly profit for the first time in its history.
In Brief:
The FinTech was launched eight years ago.
It revealed the profitable month in its quarterly results.
Atom now has a total deposit base of £2.5bn.
What does this mean?
Some of the company’s recent success has been attributed to its participation in the Government’s coronavirus support loans which generated £9.8mn interest as well as its recently launched Instant Saver accounts which contributed to its deposit base.
