Atome closes $345-M loan to expand presence in PH, Southeast Asia

Digital finance platform Atome on Tuesday announced the closing of its upsized $345-million syndicated debt facility, providing fresh funding to accelerate the expansion of its regional portfolio and products across markets including the Philippines.

According to Atome, the expanded facility — higher than the $200 million secured in 2024 — will boost the rollout of its products such as buy now pay later (BNPL), lending, and the Pay Later Anywhere card across Southeast Asia including the Philippines.

HSBC served as the structuring bank and mandated lead arranger and bookrunner (MLAB), while DBS also came in as MLAB. Returning lenders include Sumitomo Mitsui Banking Corp. Singapore branch, Brunei’s Baiduri Bank, and Cathay United Bank.

New participating banks include Fubon Bank and Shanghai Pudong Development Bank.

The company has issued over 2 million Pay Later Anywhere Cards in the Philippines, where up to 80% are first-time cardholders who use the card for daily needs such as groceries, household necessities, and utility bills.

“We’re pleased to welcome our new lending partners and grateful for the continued support from our returning lenders. This facility has grown significantly within a year,” Atome chief commercial officer Andy Tan said.

“We’re now even better positioned to support a rapidly growing, healthy and profitable loan book, while scaling transparent and flexible credit solutions to serve both merchants and consumers,” he added.

Atome in September entered a P2.75-billion loan channeling partnership with Maya Bank Inc. to expand credit for Filipinos. — RSJ, GMA Integrated News