Atome, part of the unicorn Advance Intelligence Group, has secured a renewed and upsized $345 million syndicated debt facility, underscoring lenders’ confidence in the Southeast Asian digital finance platform as it scales a profitable consumer credit franchise across the region.
The facility represents a sharp increase from the $200 million Atome raised in 2024, it said in a statement. HSBC reprised its roles as structuring bank as well as mandated lead arranger and bookrunner, while DBS joined the syndicate as an additional mandated lead arranger and bookrunner.
Returning lenders include Sumitomo Mitsui Banking Corp.’s Singapore branch, Brunei’s Baiduri Bank and Cathay United Bank. New participants in the syndicate are Fubon Bank and Shanghai Pudong Development Bank, broadening the lender base backing Atome’s regional expansion.
The expanded facility will be used to accelerate the growth of Atome Financial’s profitable portfolio across core products, including buy now, pay later, lending and the Atome PayLater Anywhere Card in key Southeast Asian markets such as Singapore, Malaysia, and the Philippines.
“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,” said Andy Tan, Atome’s chief commercial officer, adding that the facility had grown significantly within a year.
The renewed debt facility came after DealStreetAsia reported in October that Atome’s parent is seeking to raise over $200 million in a new round that could potentially value the firm at about $3 billion.
The group’s Southeast Asian fintech arm, Atome Financial, posted its first full-year profit in 2024. Operating income jumped 63% to $236 million, as the BNPL and consumer finance platform processed more than $2 billion in gross merchandise volume, up 50% from a year earlier.
