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Atome Secures $75-M Financing Facility to Expand in the Philippines - BusinessWorld Online
- On June 9, 2025, Atome Financial obtained $75 million in asset-backed funding from Lending Ark to support its growth and enhance financial inclusion in the Philippines.
- This financing comes as Atome's 2024 revenue rose 45 percent to $280 million amid increasing demand for affordable credit in emerging markets like the Philippines.
- Atome, Southeast Asia's largest buy now, pay later provider, offers products including lending, insurance, savings, and cards, supported by investors such as SoftBank Vision Fund 2.
- Andy Tan, Atome’s Chief Commercial Officer, expressed appreciation for the continued trust as the company expands its presence, while Carol Lee Park of Lending Ark highlighted the Philippines as a rapidly growing market with increasing demand for credit solutions designed for mobile users.
- The new facility aims to broaden Atome's credit offerings and reinforce its mission to provide responsible, risk-managed credit access for Filipino consumers.
12 Articles
12 Articles
Buy-now-pay-later fintech Atome gets $75-M fresh funding
MANILA, Philippines — Financial technology player Atome obtained $75 million in fresh funding to provide more credit products to Filipino borrowers. In a statement on Monday, the buy now, pay later (BNPL) platform announced that Hong Kong-based investment firm Lending Ark had extended an asset-backed financing facility to finance its expansion plans. “This financing reflects
Atome secures $75-M financing facility to expand in the Philippines - BusinessWorld Online
BUY NOW, PAY LATER provider Atome has secured a $75-million asset-backed financing facility from Lending Ark to fund its continued expansion in the Philippines. “This strategic financing from Lending Ark Asia Secured Private Debt Fund… will further Atome’s mission in the Philippines to improve access to risk-managed, responsible and sustainable credit products for Filipino consumers,” it said in a statement on Monday. “The Philippines is a key g…
Lending Ark injects $75 million into Atome to boost credit access in Philippines
Atome, a buy-now-pay-later provider operating in Southeast Asia, has secured a $75 million asset-backed financing deal from investment firm Lending Ark, supporting its push to expand financial access in the Philippines.The Lending Ark Asia provided the financing for a secured private debt fund, which is advised by CITIC Securities and CLSA Capital Partners (HK) Limited.Atome said in a statement released on Monday, June 9, that this will support …
Philstar Global
MSNAtome secures $75 million financing from Lending Ark to expand in the Philippines
SINGAPORE — Southeast Asian “buy now pay later” provider or fintech firm, Atome, said on Monday that it has secured a $75 million asset-backed financing facility from Lending Ark Asia Secured Private Debt Fund to expand in the Philippines. Atome is part of Singapore-headquartered Advance Intelligence Group, which is backed by investors including SoftBank Vision Fund 2 […] The post Atome secures $75 million financing from Lending Ark to expand in…
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