Atome Financial has secured a significant three-year term loan facility from EvolutionX Debt Capital (“EvolutionX”), with the potential to expand the facility to up to US$100 million through a syndicate of investors. This financial boost is set to drive the company’s profitable growth across Southeast Asia.
The newly secured funds will be used to expand Atome Financial’s regional credit portfolio and support the launch of innovative products such as savings, lending, insurance, and the Atome Card (Pay Later Anywhere). These offerings will be introduced in key markets including Singapore, Malaysia, the Philippines, and Indonesia.
Atome Financial, which includes the Atome Buy-Now-Pay-Later (BNPL) service and Kredit Pintar, a leading Indonesian digital lending platform, demonstrated exceptional performance in FY2023. The company’s operating income nearly doubled to US$170 million, driven by the profitability of its BNPL business. The BNPL segment saw a 40% year-on-year increase in Gross Merchandise Value (GMV) to US$1.5 billion and a 130% year-on-year growth in revenue, despite a challenging economic environment.
This positive trajectory continued into FY2024, with Atome Financial announcing in April that it had achieved profitability in the first quarter of the year.
Zhang Yuan is bringing his 2025 “White” Tour to Singapore for the very first time.…
This Chinese New Year, GODIVA, the world-renowned Belgian chocolatier, invites you to glide into prosperity…
This Christmas, Toku Nori invited me, my father, and my grandmother to try their new…
HONG KONG SAR - Media OutReach Newswire - 22 December 2024 - On December 20th,…
UNIQLO Singapore has announced a heartwarming initiative, donating 10,000 pieces of LifeWear apparel, valued at…
Say goodbye to Wi-Fi dead zones and hello to fast, secure, and reliable internet. eero,…