Singapore’s Atome Raises US$75 Million to Boost Financial Inclusion in the Philippines

Atome, a BNPL platform headquartered in Singapore and part of Advance Intelligence Group, has obtained a US$75 million asset-backed loan from Lending Ark to boost its lending activities in the Philippines. This financing arrives as demand for mobile-centric credit services continues to grow in the market.

According to Atome, this capital injection will help advance its goal of providing Filipino consumers with responsible, risk-controlled credit options, promoting greater financial inclusion across the country.

Atome, part of Singapore’s Advance Intelligence Group, has made the Philippines a core focus of its expansion strategy, aiming to broaden access to responsible credit offerings. The company provides a range of consumer financial products in the country, including buy now, pay later services, with a strong emphasis on sustainability and credit risk management.

The news follows a successful fiscal year for Atome Financial, the digital finance division that includes Atome and Indonesia’s Kredit Pintar. In FY2024, the unit saw revenue grow by 45% year-over-year, reaching US$280 million, while its Gross Merchandise Value (GMV) increased by 35% to US$2.5 billion. These results were driven by improved operational efficiency and a more targeted product strategy.

According to Atome Chief Commercial Officer Andy Tan, the Philippines is a high-potential growth market. He noted that the latest financing from Lending Ark reinforces confidence in Atome’s capacity to scale inclusive, risk-managed credit products. “We’re grateful for their trust as we deepen our reach and empower more Filipinos with the tools to manage their finances responsibly,” he said.

Carol Lee Park, Managing Director at Lending Ark, said Atome’s strengths in responsible lending and consumer empowerment make it a standout fintech in the region. “We’re excited to support Atome in the Philippines, a high-growth market with rising demand for accessible, mobile-first credit solutions,” she added.

Lending Ark, advised by CITIC Securities and CLSA Capital Partners, has structured over US$1 billion in asset-backed credit investments across the Asia-Pacific region, including Indonesia, Vietnam, South Korea, and Australia. Its partnership with Atome extends beyond the Philippines, also supporting operations in other Southeast Asian markets.

In addition to its core BNPL services, Atome has expanded into personal loans, savings, credit cards, and digital insurance. These offerings are backed by a broad range of institutional investors, including DBS Bank, SMBC, Bank Jago, Standard Chartered, and HSBC, as well as private credit providers such as InnoVen Capital, BlackRock, and Evolution X Capital.

Atome’s parent company, Advance Intelligence Group, is supported by leading international investors such as Northstar, Warburg Pincus, Singapore’s EDBI, and SoftBank Vision Fund 2. The group is steadily growing its footprint in Asia’s digital finance sector, utilizing AI-driven solutions to improve customer experience, streamline product offerings, and optimize credit management.