Atomic, a market leading provider for payroll connectivity, announced today that it has secured $22 million in Series A financing to expand its payroll integration platform and grow its team. Atomic has raised more than $38.6 million since its founding in 2019. Core Innovation Capital and Portage Ventures co-led the investment with participation from Greylock Capital Management.” Core Innovation Capital led and Portage Ventures co-led the investment with participation from Greylock Capital Management.
“We created Atomic to help the most financially vulnerable members of our society access transparent financial services that they can trust.” said Jordan Wright, Co-founder and CEO of Atomic.
“Our traction with customers is a testament to our product experience. This infusion of capital will be focused on continuing to deliver cutting-edge financial solutions.” added Scott Weinert, Co-founder and CTO
Atomic’s payroll APIs are the leading way for consumers to securely connect their payroll accounts to a third-party banking app to set up or switch direct deposit payments and to access financial data for income (VOI) and employment (VOE) verifications. 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.
Announcement: Payroll API Atomic Raises $22 Million