Singapore-based digital finance firm Atome has successfully finalised the renewal and expansion of its syndicated debt facility to US$345 million (RM1.4 billion), a move aimed at supporting its aggressive growth plans across Southeast Asia, the company announced on Tuesday.
The expanded facility marks a significant increase from the US$200 million facility Atome secured in 2024, reflecting confidence from existing and new lenders in the company’s business model and growth prospects.
Atome, a part of Singapore’s Advance Intelligence Group and backed by prominent investors including SoftBank Vision Fund 2 and Warburg Pincus, plans to deploy the funds to scale its buy-now-pay-later (BNPL) services, expand its lending products, and accelerate adoption of its Pay Later Anywhere card in key markets such as Singapore, Malaysia, and the Philippines.
“We are now even better positioned to support a rapidly growing, healthy, and profitable loan book, while continuing to meet the evolving needs of our customers across the region,” said Andy Tan, Atome’s Chief Commercial Officer.
The debt facility renewal saw HSBC reprising its roles as structuring bank, mandated lead arranger, and book runner, while DBS Bank joined as a mandated lead arranger and book runner. Returning lenders include Sumitomo Mitsui Banking Corporation’s Singapore branch, Baiduri Bank, and Cathay United Bank, with new participants Fubon Bank and Shanghai Pudong Development Bank coming on board for the first time.
The company said the enhanced facility will provide Atome with greater financial flexibility to capitalise on the growing demand for digital finance solutions in Southeast Asia, enabling the firm to expand its footprint and support a growing base of consumers seeking flexible payment and credit solutions.
This strategic financing move underscores Atome’s ambition to cement its position as a leading BNPL and digital finance provider in Southeast Asia, while also providing the company with the resources to innovate, diversify its product offerings, and strengthen its regional presence.
