SALT LAKE CITY, UT, Atomic, the market leading provider for payroll connectivity, has secured $22 million in Series A financing.
Atomic announced today that it has secured $22 million in Series A financing to expand its payroll integration platform and grow its team. The funding comes as the firm's solution is on pace to reach more than 120 million Americans, or 75% of the country, by year end. Atomic has raised more than $38.6 million since its founding in 2019. Core Innovation Capital led the latest round of funding, with participation from existing investors Portag3 Ventures and Greylock Capital Management.
Atomic is the market leading provider of payroll APIs, trusted by 11 of the largest fintech firms, including digital-first neobanks, alternative lenders, and digital brokerages. Atomic's payroll integrations provide the infrastructure to connect end consumers to their financial data and automate setting up and updating direct deposits. Atomic is a member of the Financial Health Network, a nonprofit network of leading-edge financial services and financial technology providers committed to consumer- and employee-focused financial health innovations. Atomic's vision is to enable wealth creation for consumers by building more on-ramps to financial services.
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