With $25m in funding, Atomic launches an investing API for FinTechs and Banks

By Edlyn Cardoza

Atomic, the investing API that allows FinTechs and banks to seamlessly integrate investing into their products, recently announced its launch alongside $25 million in funding. The latest round, Series A, was co-led by QED Investors and Anthemis with participation from Softbank and Y Combinator. Atomic was founded by Stanford graduates and serial entrepreneurs, David Dindi and Marco Alban, who both bring a wealth of experience in API-driven solutions for the financial services industry.

Atomic, a company focused on making wealth-building accessible to every single human being, supplies critical investing infrastructure to consumer-facing FinTechs and banks. Using the Atomic platform, companies can now launch investing experiences in a matter of weeks without the burden of developing in-house regulatory, brokerage operations, and compliance expertise.

“Any fintech or bank that wants to become their end-customers’ primary financial relationship will need to offer investing on their platform to remain competitive,” said David Dindi, Atomic’s CEO. “As an accelerant in the rapidly evolving ecosystem of unbundled financial services, Atomic enables these businesses to offer investing in a frictionless way as a means to deepen their relationships with customers.”

Atomic offers a broad range of investment capabilities, including direct indexing, ESG investing, and multi-currency trading across 60 global markets. Direct indexing is a new investment approach that creates a portfolio of hundreds of individual stocks designed to mimic the returns of an index, such as the S&P 500. Atomic is the only company to offer these services at zero account minimums.

“What we see is that fintechs and other consumer-facing companies want to offer savings and investment, but most have come to market with very limited product offerings — only single stock trading or only ETF investing,” says Amias Gerety, Partner at QED Investors. “Atomic provides cutting edge solutions so that their partners can offer both of these products easily, but also offer advanced features like ESG, direct indexing, and tax loss harvesting that are usually only available for accounts with hundreds of thousands of dollars in them.”

Atomic has already partnered with innovative FinTech platforms including Upside, an app that transforms student debt into investment opportunities. Using Atomic’s API infrastructure, Upside built a wealth management offering that allows its users to refinance their student loans and reinvest the savings.

As Atomic continues to expand, David Dindi will serve as CEO, while Marco Alban will serve as CTO. Prior to founding Atomic, Dindi co-founded Clariful Health, where he enabled large healthcare systems to apply deep learning to unstructured EHR data to streamline patient care. He has also previously built quantitative investment strategies for Makena Capital, a global investment firm that manages approximately $19 billion in assets.

Before Atomic, Alban co-led the AI Fabric product at UIPath. He and his team productionized machine-learning models into APIs, allowing large banks, healthcare providers, and retailers to integrate AI automation into their workflows.