Atoa

Pay by Bank transactions typically settle instantly to the merchant's business bank account, with larger businesses able to opt for end-of-day consolidated payouts. Card settlements depend on the existing price plan and payout structure with the merchant's current provider. This means Pay by Bank offers immediate liquidity while card funds follow the standard acquiring cycle, giving merchants a working-capital incentive to steer customers toward account-to-account payments.

Atoa processes both. Its platform accepts Visa, Mastercard, American Express, Apple Pay, and Google Pay alongside Pay by Bank. Merchants manage both payment types in a single dashboard. This dual-rail approach distinguishes the firm from pure open-banking providers that lack card acceptance, and from traditional acquirers that lack native Pay by Bank settlement.

Atoa targets UK-registered limited companies processing £50,000 or more in monthly payments, and registered UK charities. The firm does not support sole traders. Public customer references span motor retail, legal services, and health and beauty verticals, though the firm does not disclose total merchant count or processing volume.

Atoa is authorised by the Financial Conduct Authority as a UK Payment Institution, under firm reference number 1007647. It is not a bank. The firm also holds ISO-27001 and SOC 2 certifications, and positions its open-banking flows as secured by UK bank authentication methods including Face ID and fingerprint verification within customers' own banking apps.

Atoa's website states it is backed by investors that previously backed Wise, Revolut, and Monzo, but the firm does not publicly name its shareholders, disclose individual funding rounds, or publish total capital raised. Without verified funding data, the firm's capital position and valuation remain undisclosed.