Atom Bank appoints commercial broker

The Durham-based challenger bank has appointed Rivers to act on its behalf to introduce clients to the commercial loan facilities offered by the bank.

Rivers is a venture capital investment business that is well-established in the North East as it already lends to hundreds of businesses though its microloan fund, facilitating around £18m of equity deals through the North East Angel Fund.

This means it has the ability along with Atom to support further lending activity for the growing number of SMEs in the region.

“As managers of equity and loan funds ourselves, we share Atom Bank's view that access to finance should be a simple, straightforward process for good businesses to secure the cash they need,” said Jonathan Gold, managing director of Rivers.

“It’s great to be able to bring our two approaches together and represent Atom in this way.

“Atom is a bank for the modern world and Rivers always aims to adapt our investment process and introductions to lenders to provide a customer-centric operation.”

Graham Moore, head of business development at Atom Bank, added that the lender was delighted to be working with Rivers.

“We want to help SMEs understand how a bank makes the decisions it does, we believe that working with their intermediaries can help a SME to improve their business.

“Our mission is to work with Rivers Capital and other key partners to help us change the face of SME banking for the better.”