Atomic Raises $10 Million to Boost Innovation and Expansion
Summary
Atomic provides APIs that connect payroll and HRIS systems to financial institutions, supporting services like direct deposit switching, income verification, and subscription management. The company partners with eight of the top 10 US financial institutions, along with many leading fintechs, to provide seamless access to a suite of servicesincluding direct deposit switching, income and employment verification, payment method updates, and subscription managementthrough integrations with payroll systems, HRIS platforms, and merchants.Atomic said the new funding will fuel both innovation and expansion. The company plans to deepen its investment in existing solutions while also accelerating the development of new products to better serve its financial institution and fintech partners.Were excited to have these industry leaders join us on our mission to champion upward financial mobility, said Atomic Co-founder and CEO Jordan Wright. FNB tapped Atomic to lower acquisition costs, increase lifetime value, and become consumers primary financial hub.Through our omnichannel Clicks-to-Bricks strategy and eStore, FNB is driven to remain a banking industry leader in client engagement and innovation. By integrating their solutions with eStore, we can offer our customers more personalized, real-time financial services that meet their needs in todays fast-paced world.Atomic most recently demoed at FinovateSpring 2024, where the company showcased PayLink, a tool to simplify subscription management by allowing consumers to manage, modify, and optimize their recurring payments and subscriptions within their bank.