Wealth infrastructure API platform Atomic raises $25m Series A funding
San Francisco-based start-up Atomic, which provides an investing API for fintechs and banks, has raised $25 million in a Series A round co-led by QED Investors and Anthemis, with participation from Softbank and Y Combinator.
Atomic was founded in 2020
Atomic’s stated mission is to make “wealth-building accessible to every single human being”. It claims its Software-as-a-Service (SaaS) platform will enable companies to launch “investing experiences in a matter of weeks without the burden of developing in-house regulatory, brokerage operations and compliance expertise”.
It is the creation of Stanford University graduates and serial entrepreneurs, David Dindi and Marco Alban. They co-founded Atomic in 2020 and seed funding came from Softbank’s $100 million Opportunity Fund.
Atomic offers investment capabilities, including direct indexing, ESG investing and multi-currency trading across 60 global markets. It claims to be the only company to provide these services without account minimums.
With the new funding, Atomic plans to scale up its capacity to handle more than three million investment accounts.
One of Atomic’s partners is Upside, which has used the API platform to support its app to convert student loan debt into investment opportunities.
