BBVA cancelled their planned takeover of Atom Bank due to concerns related to Brexit’s impact on the UK economy; Atom Bank announced plans to raise additional capital after the takeover bid was halted; the startup is planning to raise £50mn and has already begun talking to investors; the rumors of a BBVA takeover first surfaced back in January since the bank owns about 40 percent of the digital banking startup; Atom has also talked about going public in 2022 and has recently raised more than £150m in the last year. Source.
