Singapore-based fintech firm Atome has expanded the size of its syndicated debt facility to US$345 million, strengthening its funding base to support continued regional expansion, according to a Reuters report.
The enlarged facility marks a significant increase from the US$200 million debt financing Atome secured in 2024, reflecting growing lender confidence in the company’s business model and growth trajectory.
HSBC remains the structuring bank and has been appointed as mandated lead arranger and bookrunner for the facility, while DBS has joined as a mandated lead arranger and bookrunner. Existing lenders returning to the facility include Sumitomo Mitsui Banking Corporation’s Singapore branch, Baiduri Bank and Cathay United Bank. New participating banks include Fubon Bank and Shanghai Pudong Development Bank.
Atome said the proceeds will be used to scale its buy-now-pay-later and instalment payment offerings, expand its broader consumer lending portfolio, and grow adoption of its Pay Later Anywhere card across key Southeast Asian markets, including Singapore, Malaysia and the Philippines.
Andy Tan, Atome’s chief commercial officer, said the upsized facility enhances the company’s ability to support a rapidly expanding and increasingly profitable loan book, while maintaining prudent risk management.
Atome is part of Singapore-based Advance Intelligence Group, which is backed by global investors such as SoftBank Vision Fund 2 and Warburg Pincus. The company has been steadily expanding its suite of digital consumer credit products across the region, positioning itself as a key player in Southeast Asia’s fast-growing fintech and alternative lending space.
