Philippines – Atome Financial, a digital financial technology platform under Advance Intelligence Group, has secured a US$80m credit facility to fuel its growth in Southeast Asia. The investment comes from a consortium of lenders, with a private credit fund managed by BlackRock and Innoven Capital adding to EvolutionX Debt Capital’s existing tranche.
The expanded funding reflects investor confidence in Atome Financial’s performance following its significant revenue increase in the previous fiscal year. The company also achieved operational efficiency through generative artificial intelligence.
Atome Financial operates the Atome Buy-Now-Pay-Later service and Kredit Pintar, an Indonesian digital lending platform.
Through the investment, Atome Financial is set to strengthen its business in 2025.
Atome Financial has previously partnered with HSBC for a US$200m credit facility, fuelling its initiatives for financial inclusion in the region.
Celia Yan, head of APAC private credit at BlackRock, said, “Southeast Asia is one of the fastest growing regions in the world where we see attractive private credit investment opportunities. Atome Financial has established itself as a leading fintech player in Southeast Asia, and we look forward to continuing to support their accelerated expansion.”
Yik Ley Chan, Southeast Asia private credit lead at BlackRock, commented, “Atome Financial has strategically positioned the business over the past few years and achieved a strong track record. We are pleased to be part of this investment and look forward to long-term collaboration with Atome Financial as their business embarks on the next phase of growth.”
“We are thrilled to partner with Atome Financial, one of the leading players in the industry, and look forward to building a strong and successful relationship. This collaboration underscores our unwavering commitment to supporting high-growth companies in the region,” Ben Cheah, partner at Innoven Capital SEA, said.
Andy Tan, chief commercial officer of Atome Financial, said, “We are incredibly excited and honoured to welcome BlackRock and InnoVen Capital as our new lending partners. Their participation is a testament to our continued operational excellence, market leadership and remarkable business momentum, which is expected to accelerate in 2025. This facility will help propel the growth of our expanded product suite, strategic partnerships and profitable regional portfolio to better serve the diverse financial needs of consumers across key Southeast Asia markets including Singapore, Malaysia, the Philippines and Indonesia.”
