Atome financial
Atome Financial, part of Advance Intelligence Group, has secured a three-year term loan from EvolutionX Debt Capital, potentially increasing up to $100 million.
This facility will expand Atome’s credit portfolio and support new products like savings, lending, insurance, and the Atome Card in Singapore, Malaysia, the Philippines, and Indonesia.
Jefferson Chen, Group co-founder and CEO of Advance Intelligence Group, says: “With Atome Financial having reached profitability earlier this year, we’re excited to partner EvolutionX for our next stage of growth.
“This new facility recognises Atome Financial’s operational excellence and platform value as we look to accelerate the momentum of our digital financial services business, the expansion of regional strategic partnerships like TikTok Shop and Lazada as well as the launch of the new Atome Card, savings and lending products across key Southeast Asian markets.”
Atome, including Atome BNPL and Kredit Pintar, reported significant growth in FY2023, with operating income nearly doubling to $170 million.
The company turned profitable in early 2024. The loan highlights Atome’s operational excellence and strategic regional partnerships for further growth.
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