Atome, a Singapore-based buy now, pay later (BNPL) platform and a key part of Advance Intelligence Group, has announced a $75m asset-backed financing facility from Lending Ark to support its expansion in the Philippines.
The facility was secured from the Lending Ark Asia Secured Private Debt Fund, advised by CITIC Securities CLSA Capital Partners (HK) Limited, according to a report from tnglobal. The financing will help Atome deepen its presence in the Filipino market and extend risk-managed, accessible and sustainable credit products to local consumers.
Atome is one of Southeast Asia’s leading digital consumer financing platforms, offering flexible payment solutions through a network of over 15,000 retail partners across fashion, beauty, fitness, homeware and more. It enables customers to split payments over time, giving them greater financial control and access to essential goods and services.
Lending Ark managing director Carol Lee Park said, “We’re excited to support Atome in the Philippines, a high-growth market with increasing demand for accessible, affordable credit and mobile-first financial solutions.”
Atome chief commercial officer Andy Tan said, “Lending Ark also supports our business in Indonesia and this latest expansion underscores the strength of our long-standing partnership,
“We’re grateful for their trust as we deepen our reach and empower more Filipinos with the tools to manage their finances responsibly.”
Atome sits under Atome Financial, which itself is a subsidiary of Advance Intelligence Group—one of Asia’s largest independent FinTech startups. The group is backed by major investors including Softbank Vision Fund 2, Warburg Pincus, Northstar Group, Standard Chartered Bank and EDBI. It has raised over $700m in funding and secured over $1bn to support its credit book.
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