The Financial Intermediary & Broker Association (FIBA) has announced a new partnership with Atom bank.

The digital lender, which launched operations in April 2016 and offers secured business lending for small and medium-sized enterprises, has joined the trade association as a lender partner.

Atom has funded over £1bn to SMEs since its launch and operates a model where it distributes exclusively through commercial finance intermediaries.

Executive chairman at FIBA, Adam Tyler, said that the trade body has been a “long-term advocate of Atom” and its commercial lending arm.

“My relationship with Atom goes back to its inception in 2016 and, from those early days onwards, the bank's approach to commercial finance intermediaries has demonstrated particular merit,” Tyler said.

“Despite being a digital bank itself, Atom understands the importance of a human, personalised touch in the commercial lending process, which will be highly attractive to our members.”

Head of business lending at Atom, Tom Renwick, added: “FIBA is a progressive, forward-thinking and innovative organisation like ourselves, so we are excited about how we can work together to help FIBA members and their clients thrive.

“The specialist commercial property sector is a key focus for us as we look to develop and expand our offering, and this partnership will open up our industry leading products to even more UK businesses who need access to much needed finance during a particularly unpredictable period.

“During this turbulent time, we think our focus on speed, ease and value for money can really benefit brokers and their customers, so we look forward to working closely with a number of new intermediary partners as we head into the new year.”

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