Photo courtesy of Sharon McCutcheon.
Atome Financial secures US$100m debt facility with HSBC Singapore
It operates buy now pay later platform Atome and Indonesia’s Kredit Pintar.
Atome Financial has entered into a US$100m debt facility with HSBC Singapore for the expansion of its deferred payments business, according to a press release.
Atome Financial is a subsidiary of Singapore-based Advance Intelligence Group. It operates Atome, a buy now pay later platform which currently has over 15,000 retail partners across 10 markets in Asia, including Lazada, Shein, H&M, Nike, Sephora, ZALORA, Agoda, adidas, and Charles & Keith.
It also operates Kredit Pintar in Indonesia, reportedly one of the largest lending apps in the country with over 20 million downloads.
Most recently, Atome's Philippine business partnered with PayMongo, enabling PayMonto’s over 10,000 merchant network to offer flexible deferred payment options with no additional annual or service fees.
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