Atome Financial, HSBC extend collaboration to support Philippine market

The partnership also plans to boost new consumer financing products.

Fintech company Atome Financial announced the renewal and expansion of its $100m debt facility with HSBC Singapore.

This extension encompasses the Philippines market and aims to facilitate new consumer financing products.

“We’re excited to have the renewed support of HSBC, especially as it now includes the Philippines, a key strategic market for us in providing unbanked and underbanked consumers with easier, simpler, and more affordable access to digital-first consumer financing products.” said Andy Tan, Head of Funding, Atome Financial.

ALSO READ: StanChart, Atome lender-of-record partnership book 100,000 transactions

The Southeast Asian digital consumer financing platform offers flexible deferred payments, advanced savings, and rewarding shopping experiences through its mobile app, Atome.

It also provides digital consumer loans in Indonesia via the Kredit Pintar mobile app.

HSBC serves as the structuring bank, lender, facility agent, and security agent in providing a versatile and scalable pan-regional financing solution.

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