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Atome secures $200m syndicated credit facility
Atome Financial, a digital financial services provider in Southeast Asia, has secured a syndicated credit facility worth up to US$200 million.
HSBC, DBS Bank Ltd, Sumitomo Mitsui Banking Corporation’s Singapore branch, and Brunei’s Baiduri Bank have backed this financial package.
The credit facility, led by HSBC’s ASEAN Growth Fund, is set to bolster Atome Financial’s lending services and the expansion of its Atome card in Singapore, Malaysia, and the Philippines.
Recent Atome Financial developments
| Timeline |
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23-Apr-2024 📈 Atome Financial logs EBITDA profit in Q1 amid BNPL growth
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16-Aug-2023 💳 Atome renews $100m debt facility, eyes further expansion in the Philippines
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07-Oct-2022 📉 Atome cuts staff in Indonesia BNPL, P2P divisions
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11-Aug-2022 💰 Atome banks $100m HSBC debt facility
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13-Oct-2021 💰 StanChart to pour $500m into Atome as part of strategic partnership
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| 31-Mar-2021 💼 Singapore-based fintech firm Atome Financial acquires Indonesian financing startup |
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