- Atome Financial secures massive credit line
- Fintech startup scales rapidly
- Investors bet big on Southeast Asian market
Banking Giants Rally Behind Fintech Innovator
Atome Financial, a digital financial services platform, has landed a whopping $200 million syndicated credit facility led by HSBC.
The strategic funding involves key banking players including DBS Bank, Sumitomo Mitsui Banking Corporation, and Baiduri Bank, signaling strong confidence in the startup’s regional expansion plans.
Rapid Growth Meets Financial Innovation
The new capital injection will propel Atome’s profitable portfolio across Southeast Asian markets, supporting products like its Pay Later Anywhere Card.
The company’s impressive financial trajectory includes nearly doubling operating income to $170 million in FY2023 and processing $1.5 billion in Gross Merchandise Volume – a 40 percent year-on-year increase.
Strategic Positioning for Market Dominance
Backed by heavyweight investors such SoftBank Vision Fund 2 and Warburg Pincus, Atome Financial demonstrates its commitment to financial inclusion. By turning EBITDA positive in Q1 2024 and expanding its digital lending capabilities, the company is positioning itself as a transformative force in Southeast Asia’s financial technology landscape.
