Participants in Atom Bank’s latest funding round includes, Woodford Patient Capital Trust, Toscafund, BBVA, and other funds.

On Monday, embattled fund manager Neil Woodford stated, along with other investors it has invested an additional $62.42 million into digital lender Atom Bank.

One of Britain’s best-known money managers, Woodford has left thousands of investors without access to their savings after suspending his flagship 3.7 billion pound equity income fund in June 2019 following a surge of exit requests sparking off regulatory scrutiny.

In a statement Atom said, Woodford’s listed fund – Woodford Patient Capital Trust has participated in its latest funding round which also saw the participation of Toscafund, BBVA, and other funds.

Atom did not provide a break down of the amounts invested by participants in its latest funding round.

According to a report by the Sunday Times, “over the weekend that Woodford had invested 10 million pounds in Atom”.

Portion of the funds from the latest funding round will be used for technology investments, said Atom.

Launched in 2016, Atom offers banking and loan services to small and medium-sized enterprises through a mobile phone application.

In 2018, Atom had reported a 76% jump in total lending to homeowners and small businesses, totalling to 2.4 billion pounds; its deposits also grew to 1.8 billion pounds, up from 1.4 billion pounds from a year ago.