Atome Financial clinches $200m facility for SEA expansion plans

The digital payments platform reported that it turned EBITDA positive in Q1.

Atome Financial, a digital financial services platform, has secured a US$200m syndicated credit facility.

HSBC led and arranged the loan, with DBS, Sumitomo Mitsui Banking Corporation (SMBC), and Baiduri Bank supporting the facility.

Atome plans to use the funds to expand in Southeast Asia, particularly its Atome Card, which offers pay later services, the company said in a press release published on 20 November 2024.

Atome Financial’s operating income in FY2023 nearly doubled to US$170m, from just US$88m in FY2022.

Its GMV (gross merchandise volume) was nearly US$1.5b in 2023 – a 40% increase from the preceding year.

Atome said that its buy now pay later (BNPL) business also turned profitable, surging 130% in revenue.

In the first quarter of 2024, Atome Financial turned EBITDA positive.

Earlier in June 2024, Atome Financial had earlier secured a three-year term facility worth up to US$100m from EvolutionX Debt Capital and other investors.

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Bank DBS Indonesia

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