Financial institution Atome secures a US$100 million debt facility from HSBC Singapore.
Atome Financial Secures US$100 Million Financing Deal with HSBC
Atome Financial, a Singapore-based tech unicorn and subsidiary of Advance Intelligence Group, has secured a significant financing deal worth US$100 million from HSBC. This deal comes after Atome Financial's Series D financing round last September, which valued the company at over US$2 billion.
Based in Singapore, a hub for innovative companies driving Southeast Asia's new economy growth, Atome Financial is an umbrella business unit made up of two brands: Atome, a buy now pay later platform, and Kredit Pintar, a digital lending platform in Indonesia. The company is seeking to drive broader financial inclusion across Asia.
HSBC is providing flexible funding arrangements for Atome Financial in markets where HSBC also has an on-ground presence. Regina Lee, the Head of Commercial Banking at HSBC Singapore, expressed trust and confidence in Atome Financial's mission and track record. As the structuring bank, lender, facility, and security agent in this financing deal, HSBC is able to connect clients to international opportunities and open new markets through multi-market and multi-currency deals.
Trina Yeung, the Chief Financial Officer of Atome Financial, stated that the financing solution provided by HSBC is flexible, scalable, and pan-regional. This financing will fuel Atome Financial's flexible deferred payments business across Asia, as the company uses technology to provide consumers with easier, simpler, and more affordable access to digital-first financial services.
The investor consortium for Atome Financial's Series D financing round was led by SoftBank Vision Fund 2, Warburg Pincus, Northstar, and Singapore-based global investor EDBI. The financing provided by HSBC is aimed at supporting Atome Financial's growth aspirations.
The founder or main shareholder of Atome Financial is not mentioned in the provided search results. However, with this significant investment from HSBC and its previous Series D financing round, Atome Financial is well-positioned to continue its mission of driving financial inclusion across Asia.
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