Pay up! Digital finance platform Atome has completed the close of its upsized $345M syndicated debt facility. 

•  Going up. This is a big increase from the $200M they secured in 2024. 

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Who contributed? According to Atome, HSBC continues to serve as the Structuring Bank and Mandated Lead Arranger and Bookrunner, alongside DBS. 

• Other lenders include Sumitomo Mitsui Banking Corporation, Singapore branch. Brunei’s Baiduri Bank, Cathay United Bank, Fubon Bank, and Shanghai Pudong Development Bank.

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🪪 Hello, Atome

Atome offers insurance, savings, lending services, as well as a buy now pay later platform. 

• Oh, and with the Atome PayLater Anywhere card, cardholders can pay later at 0% interest for up to 40 days. 

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🌐 Their growth trajectory

Atome reports that, in the 2024 financial year, Atome Financial, which includes their buy now pay later (BNPL) platform, the Atome PayLater Anywhere Card, and Kredit Pintar, reported operating income of $263M, up 63% year-on-year.

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⚡ What’s with the $$$? 

The expanded facility will accelerate the growth of their regional portfolio and projects, including BNPL, digital lending, insurance, and the Atome card, across Singapore, Malaysia, and the Philippines. 

• Zoom in. Atome has issued over 2M PayLater Anywhere Cards in the Philippines.