Atome raises $345m to scale digital credit in Southeast Asia

By Vriti Gothi

Atome has closed a $345 million syndicated debt facility, renewing and upsizing its existing financing to support the continued expansion of its digital credit business across Southeast Asia. The facility marks a significant increase from the $200 million raised in 2024, reflecting sustained lender confidence in the platform’s growth trajectory and operating performance.

HSBC retained its role as structuring bank, mandated lead arranger and bookrunner, with DBS joining as an additional mandated lead arranger and bookrunner. Returning lenders include Sumitomo Mitsui Banking Corporation’s Singapore branch, Baiduri Bank and Cathay United Bank, while Fubon Bank and Shanghai Pudong Development Bank joined the syndicate as new participants.

The expanded facility will be used to scale Atome Financial’s regional portfolio, including its buy now, pay later (BNPL) offering, consumer lending products and the Atome PayLater Anywhere Card, across core markets such as Singapore, Malaysia and the Philippines. The funding comes amid intensifying competition and regulatory scrutiny in Southeast Asia’s digital credit sector, where access to diversified and cost-efficient capital has become critical for sustainable growth.

Andy Tan, chief commercial officer at Atome, said, “The upsized facility strengthens the company’s ability to grow a “healthy and profitable loan book” while extending flexible and transparent credit options to merchants and consumers. This facility has grown significantly within a year, positioning us to scale responsibly across the region.”

From the lenders’ perspective, the transaction underscores growing institutional appetite for established digital finance platforms in emerging Asian markets. Gilbert Ng, head of banking, corporate and institutional banking at HSBC Singapore, said,  “The bank’s continued support reflects its confidence in Atome and its long-term partnership with the group. DBS’ head of digital economy group, Chua Shih Guan, added that the bank sees Atome as a platform leveraging technology to expand access to credit within a robust risk framework.”

Atome Financial, which houses the group’s BNPL business, PayLater Anywhere Card and Indonesian lending arm Kredit Pintar, reported a 63% year-on-year rise in operating income to $236 million in FY2024, alongside gross merchandise value (GMV) of over $2 billion. Growth accelerated through 2025, with annualised net revenue exceeding $500 million and GMV reaching $6 billion, culminating in the company’s strongest-ever monthly GMV in December 2025.

The enlarged facility positions Atome to maintain momentum in a maturing Southeast Asian BNPL and consumer lending market, where scale, profitability and disciplined risk management are increasingly shaping competitive advantage.