Recognition additional validates Atomic’s market-leading payroll connectivity options for the monetary providers business.
SALT LAKE CITY, March 21, 2022 /PRNewswire/ — Atomic, the market-leading supplier for payroll connectivity, has been named the winner of the sixth annual FinTech Breakthrough Awards for “Finest Banking Transaction Answer”. This award comes on the heels of the corporate’s $40 million Series B funding spherical, additional validation of Atomic’s leading edge and consumer-friendly payroll options.
“That is an unbelievable milestone for our firm and recognition of our crew’s arduous work creating fairer monetary providers for all People,” stated Jordan Wright, Co-Founder and CEO of Atomic. “We’re humbled to be acknowledged amongst know-how leaders, companions and Atomic prospects.”
Payroll represents a wealthy retailer of shopper information. Making it accessible and interoperable permits the potential to drive new, lower-cost monetary merchandise for purchasers. This improves the monetary outcomes whereas offering monetary establishments with new instruments to scale back fraud, enhance privateness and enhance buyer retention. Atomic’s imaginative and prescient and options have been embraced by a number of the most compelling and progressive neobanks and fintech platforms, reshaping an antiquated monetary providers panorama. These embody Coinbase, Dave, Welcome Tech, and Propel, in addition to greater than 70 monetary establishments and know-how companions. Additional, Atomic has skilled 100% buyer retention since launching.
Atomic’s imaginative and prescient is to allow wealth creation for customers by constructing extra on-ramps to monetary providers. The corporate is a member of the Monetary Well being Community, a nonprofit community of modern monetary providers and monetary know-how suppliers dedicated to consumer-and-employee-focused monetary well being improvements. Atomic can be a member of the FIS Fintech Accelerator, in partnership with The Enterprise Heart. This system brings bankers, material specialists and monetary service executives along with pre-vetted, market-validated fintech firms to advance the monetary providers business.
The FinTech Breakthrough Awards obtain nominations from the perfect and brightest fintech firms throughout the globe. The continuing purpose is to ship essentially the most complete evaluation of the fintech business every year, and with practically 4,000 nominations, the business analysis was broad and very aggressive for the 2022 program. A few of the winners from different classes embody: Charles Schwab, Afterpay, Northwestern Mutual, Fiserv, MoonPay, FIS, S&P World, Quantity, Quicken, BNY Mellon, Mastercard, NCR, Blockdaemon, Assured Fee, Bread, First Residents Financial institution, Blockchain.com, Webull, Experian and a formidable checklist of high firms and startups within the bigger fintech business.
Atomic is the market-leading supplier of payroll APIs, trusted by 12 of the most important fintech companies, together with digital-first neobanks, various lenders, and digital brokerages, in addition to greater than 70 monetary establishments and companions. Atomic’s payroll integrations present the infrastructure to attach customers to their monetary information for verification of earnings and employment, automating set-up and updating of direct deposits, repaying monetary obligations from their paycheck, optimizing tax withholdings, and accessing earned however unpaid wages.
Atomic simplifies sophisticated payroll integrations with a single API that covers greater than 450 distinctive payroll connections, together with incumbent payroll suppliers, bespoke enterprise options, fashionable HR tech suppliers, gig-economy platforms and authorities methods. Atomic has raised $78.6 million from traders, together with Mercato Companions Traverse, Greylock, Core Innovation Capital, Portage, and ATX Enterprise Companions.
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Claire Kerr, Bevel