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Atome Financial seals US$100 million loan with HSBC
Debt facility to fund expansion of BNPL, digital lending platforms across Asia
The Asset 11 Aug 2022

Atome Financial has secured a US$100 million debt facility from HSBC Singapore to bolster its flexible deferred payments business across Asia.

A subsidiary of Singapore-based tech unicorn Advance Intelligence Group, the fintech company has two major brands – buy now, pay later (BNPL) platform Atome and digital lending platform Kredit Pintar in Indonesia.

The BNPL business has partnered with over 15,000 retail brands across 10 markets in Asia. These include Sephora, Agoda, Zalora, Shein, Zara, Lazada, H&M, Nike, adidas and Charles & Keith.

Kredit Pintar is one of the largest digital lending apps in Indonesia with over 20 million downloads and provides mobile-first financial services, especially among underbanked and underserved segments.

HSBC is the structuring bank, lender, facility and security agent in providing a flexible, scaleable and pan-regional financing solution to support Atome Financial’s business expansion.

Last September, Advance Intelligence Group raised more than US$400 million in a Series D financing round from an investor consortium led by SoftBank Vision Fund 2, Warburg Pincus, Northstar and Singapore-based global investor EDBI, valuing the company at more than US$2 billion.

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