SINGAPORE, 13 February 2025 – Atome Financial, Southeast Asia’s leading digital financial technology platform and a subsidiary of Advance Intelligence Group, has expanded its three-year senior secured term loan facility to US$80 million. The facility now includes funding from a private credit fund managed by BlackRock Private Credit and InnoVen Capital, joining the original tranche provided by EvolutionX Debt Capital in June 2024.
The new funding will support Atome Financial’s continued expansion in digital lending and buy-now-pay-later (BNPL) services across key Southeast Asian markets such as Singapore, Malaysia, the Philippines, and Indonesia.
“Atome Financial has established itself as a leading fintech player in Southeast Asia, and we look forward to continuing to support their accelerated expansion,” said Celia Yan, Head of APAC Private Credit at BlackRock.
The company achieved strong financial performance in FY2024, driven by:
- 45% year-on-year revenue growth to US$280 million
- 35% increase in Gross Merchandise Value (GMV) to US$2.5 billion
- Profitability optimisation across its product portfolio
- Operational efficiencies through the use of Generative AI in customer service, collections, and sales
- Full-year profitability
“Atome Financial has strategically positioned the business over the past few years and achieved a strong track record,” said Yik Ley Chan, Southeast Asia Private Credit Lead at BlackRock. “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.”
Ben Cheah, Partner at InnoVen Capital SEA, echoed the sentiment: “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.”
Andy Tan, Chief Commercial Officer at Atome Financial, highlighted how the funding will accelerate the company’s growth: “We are incredibly excited and honoured to welcome BlackRock and InnoVen Capital as our new lending partners. Their participation is 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.”
With strong financial backing and a focus on innovation, Atome Financial is set to scale its fintech solutions further, solidifying its leadership in Southeast Asia’s digital finance landscape.
