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May 25, 2021 / 3 min read

Atomic and Welcome Tech Launch Digital Banking Partnership for the Hispanic Community

Salt Lake City, Utah, May 26, 2020 /PRNewswire/– Atomic, the market leader in payroll APIs for direct deposit acquisition, and Welcome Tech, the largest financial services platform for the multigenerational immigrant community, today announced a partnership that extends financial services available to millions in the Hispanic community, a community that is often overlooked, yet vital to U.S. prosperity.

The tactical partnership between Atomic and Welcome Tech will enable direct deposits for the nearly 3 million account holders and 9 million community members of Welcome Tech, many of whom will gain access to bank accounts for the first time.

“From a pure value alignment standpoint, working with a partner that recognizes all the different access points that our consumers and the community we serve require is what drove the interest in partnering with Atomic,”

Amir Hemmat, CEO and co-founder of Welcome Tech

“Welcome Tech is a trusted brand in the largest immigrant community in the U.S., the Hispanic consumer cohort, and we are growing exponentially. We are building innovative solutions and offerings both in language and in culture, and our goal is to continue to demystify and create access to previously elusive opportunities such as financial resources.”

There are an estimated 62.8 million consumers of Hispanic origin in the United States, representing 19% of the nation’s total population, according to a 2020 Claritas study. Though the Hispanic population is the nation’s largest ethnic minority, it has been historically neglected by traditional financial institutions. As a result, most of the Hispanic community Welcome Tech serves are paid in cash or checks, rather than electronically.

In addition to values alignment, Welcome Tech also selected Atomic because of the firm’s specialization in payroll APIs and robust coverage. Atomic boasts the largest reported network of integrations with employers and payroll providers, which gives customers a potential reach of an estimated 95 million workers. Further, because of its specialization in payroll, Atomic’s early customers have reportedly experienced higher consumer authentication rates when benchmarked against other vendors in the market.

“We are excited to partner with Welcome Tech on its mission to create access to financial services for the Hispanic community,” said Jordan Wright, Atomic CEO and co-founder.

“By digitizing a cash heavy population with Atomic’s payroll APIs, we are able to bring bank accounts to a truly unbanked and underserved community.”

Jordan Wright, CEO and co-founder of Atomic

To reduce language barriers and build trust with first-time banking customers, Atomic is now available in Spanish. By tailoring the user experience to the consumer’s native language, Welcome Tech and Atomic are making the product more familiar for the broader Hispanic population who typically distrust financial institutions.

Wall Street banks have only recently begun to acknowledge ethnic disparities in wealth creation and access to the banking system, with at least one major bank announcing initiatives targeting historically under-served communities. However, Welcome Tech has been focused exclusively on serving the Hispanic immigrant community since its inception in 2010.

“Hispanics are central to U.S. prosperity”, Wright noted. “By reducing artificial barriers and providing employers with insights on the Hispanic workforce, Welcome Tech and Atomic’s shared goal is to bring more of the Hispanic community into digital financial services.”


About Atomic:

Atomic is the market leading provider of payroll APIs, trusted by 10 of the largest fintech firms, including digital-first neobanks, alternative lenders, and digital brokerages. Atomic’s payroll integrations provide the infrastructure to connect end consumers to financial data and automate setting up and updating direct deposits. Atomic’s vision is to enable wealth creation for consumers by building more on-ramps to financial services.

Atomic simplifies complicated payroll integrations with a single API that covers over 165 unique payroll connections. Including incumbent payroll providers, bespoke enterprise solutions, modern HR tech providers, gig-economy platforms and government systems, Atomic’s payroll APIs cover approximately 65% of the U.S. workforce with a combined reach of 95 million workers. Atomic has raised $13.6 million from investors, including Core Innovation Capital, Portag3, and Greylock.

About Welcome Tech:

Welcome Tech is the world’s first digital platform to provide the global, multigenerational immigrant community with the linguistically and culturally relevant resources to thrive in a new country. Welcome Tech’s unparalleled consumer insights, first-party data, and proprietary technology inform affordable, fair, and best in-market custom solutions across key services. To date, Welcome Tech has raised $50 million from world-class investors.

The company’s initial and highly reputable immigrant platform, SABEResPODER, currently serves millions of Hispanics. To learn more please visit:


Interested is our case study with Welcome Tech? Click here.