BNPL provider Atome secures $444m funding from banks including HSBC, DBS to expand in region
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The new credit facility will accelerate the expansion of Atome’s BNPL and lending across its markets in the region.
PHOTO: LIANHE ZAOBAO
- Atome secured US$345 million to expand its BNPL services in South-east Asia, driven by rising consumer demand for flexible payment options.
- The funds will expand Atome's Pay Later Anywhere card in Singapore, Malaysia and the Philippines.
- Atome Financial's operating income rose 63% to US$236 million in 2024, with transactions exceeding US$2 billion, up 50% year on year.
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SINGAPORE - “Buy now, pay later” (BNPL) platform Atome has secured US$345 million (S$444 million) in fresh funds to expand its business in South-east Asia.
The credit facility is up from the US$200 million secured in 2024, underscoring rising demand for BNPL
HSBC, Sumitomo Mitsui Banking Corp, Cathay United Bank and DBS Bank are returning lenders, while new lenders include Shanghai Pudong Development Bank.
The new credit facility will accelerate the expansion of Atome’s BNPL service and lending across Singapore, Malaysia and the Philippines. It will also be used to expand the platform’s Pay Later Anywhere card in Malaysia and the Philippines.
BNPL, a flexible payment option that allows consumers to split the cost of a purchase into smaller, interest-free instalments without using a credit card, has gained acceptance as a payment alternative.
Other providers in Singapore include PayLater by Grab and SPayLater by Shopee.
Mr Andy Tan, chief commercial officer at Atome, said: “We’re now even better positioned to support a rapidly growing, healthy and profitable loan book, while scaling transparent and flexible credit solutions to serve both merchants and consumers.”
In its most recent audited financial year ended 2024, Atome Financial reported strong growth, with operating income rising 63 per cent year on year to US$236 million.
Its Atome BNPL business, Pay Later Anywhere card and Indonesia digital app Kredit Pintar together processed more than US$2 billion in transactions in 2024, up 50 per cent from a year earlier.
That growth gathered pace in 2025, with annual net revenue climbing past US$500 million, supported by about US$6 billion in transaction volume.
The momentum peaked in December 2025, when Atome Financial posted its strongest month on record, with transaction volumes more than 70 per cent higher than in December 2024.
