Atomic Introduces Investing API for Fintech and Banks, Raises $25 Million
- The Series A funding round was co-led by QED Investors and Anthemis.
Atomic, an investing API that allows financial technology companies and other financial firms to seamlessly integrate investing into their products, announced its launch yesterday with funding of approximately $25 million.
Founded by Stanford graduates and serial entrepreneurs, the company aims to make investing and wealth-building accessible to everyone. According to Atomic, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firms and banks can now introduce investing experience in a matter of weeks without the burden of complex expertise through its services.
As far as partnerships are concerned, Atomic has already collaborated with fintech platforms like Upside. Through the API of Atomic, Upside established a comprehensive wealth management offering.
“Any fintech or bank that wants to become their end-customers primary financial relationship will need to offer investing on their platform to remain competitive,” said David Dindi, Atomic’s CEO. “As an accelerant in the rapidly evolving ecosystem of unbundled financial services, Atomic enables these businesses to offer investing in a frictionless way as a means to deepen their relationships with customers.”
Atomic highlighted that David Dindi will serve as CEO of the company alongside Marco Alban who will serve as CTO, amid the company’s global expansion.
Investing Ecosystem
Currently, the global investment market is worth trillions of dollars. Emerging investing products like Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded funds (ETFs) have changed the way people invest in global markets. Through its investing API, Atomic is planning to offer innovative investment solutions to companies operating in the global investing ecosystem.
“What we see is that fintech and other consumer-facing companies want to offer savings and investment, but most have come to market with very limited product offerings, only single stock trading or only ETF investing,” says Amias Gerety, Partner at QED Investors. “Atomic provides cutting edge solutions so that their partners can offer both of these products easily, but also offer advanced features like ESG, direct indexing and tax loss harvesting that are usually only available for accounts with hundreds of thousands of dollars in them.”
Furthermore, SoftBank and Y Combinator joined the latest investment round.
Atomic, an investing API that allows financial technology companies and other financial firms to seamlessly integrate investing into their products, announced its launch yesterday with funding of approximately $25 million.
Founded by Stanford graduates and serial entrepreneurs, the company aims to make investing and wealth-building accessible to everyone. According to Atomic, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firms and banks can now introduce investing experience in a matter of weeks without the burden of complex expertise through its services.
As far as partnerships are concerned, Atomic has already collaborated with fintech platforms like Upside. Through the API of Atomic, Upside established a comprehensive wealth management offering.
“Any fintech or bank that wants to become their end-customers primary financial relationship will need to offer investing on their platform to remain competitive,” said David Dindi, Atomic’s CEO. “As an accelerant in the rapidly evolving ecosystem of unbundled financial services, Atomic enables these businesses to offer investing in a frictionless way as a means to deepen their relationships with customers.”
Atomic highlighted that David Dindi will serve as CEO of the company alongside Marco Alban who will serve as CTO, amid the company’s global expansion.
Investing Ecosystem
Currently, the global investment market is worth trillions of dollars. Emerging investing products like Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term-traded funds (ETFs) have changed the way people invest in global markets. Through its investing API, Atomic is planning to offer innovative investment solutions to companies operating in the global investing ecosystem.
“What we see is that fintech and other consumer-facing companies want to offer savings and investment, but most have come to market with very limited product offerings, only single stock trading or only ETF investing,” says Amias Gerety, Partner at QED Investors. “Atomic provides cutting edge solutions so that their partners can offer both of these products easily, but also offer advanced features like ESG, direct indexing and tax loss harvesting that are usually only available for accounts with hundreds of thousands of dollars in them.”
Furthermore, SoftBank and Y Combinator joined the latest investment round.