Buy now, Pay later platform Atome has secured US$31 million from its parent firm Advance Intelligence Group, according to Alternatives.pe.
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The fresh funding injection supports Atome’s development in the Philippines. A few months ago, the buy-now-pay-later platform extended its US $100 million financing facility with HSBC Singapore.
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“In the Philippines, we have seen a very strong uptake of our Atome Card as well as loans product,” the company said.
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The media said that Atome had previously raised around $170 million in investment. This involves the US $70 million that Advance Intelligence Group gave the Atome in two fundraising rounds in 2022.
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About Atome
Founded in 2019, Atome is part of Advance Intelligence Group, one of the largest independent financial services-focussed technology startups in Asia. Atome is Southeast Asia’s leading “buy now, pay later“ brand, which offers consumers greater financial access and flexibility, allowing them to split their bills into flexible deferred payments over time.
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Under the umbrella of Atome Financial, Atome also offers a range of financial services, including Cards and Micro-lending, with a goal of providing affordable access to credit to the majority of unbanked and underbanked population across ASEAN.
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