KUALA LUMPUR: Southeast Asia’s digital finance platform Atome closed the renewal and upsized US$345 million (RM1.4 billion) syndicated debt facility, a significant increase from the US$200 million secured in 2024.
The latest upsized facility sees HSBC continuing its support to Atome, reprising its roles as Structuring Bank and Mandated Lead Arranger and Bookrunner (MLAB), with DBS joining the ranks as MLAB.
Other returning lenders include Sumitomo Mitsui Banking Corporation Singapore branch, Brunei’s Baiduri Bank and Cathay United Bank. New participating banks include Fubon Bank and Shanghai Pudong Development Bank.
The expanded facility will accelerate the expansion of Atome’s profitable regional portfolio and products such as buy now pay later (BNPL), digital lending, insurance and the Atome (Pay Later Anywhere) Card across key Southeast Asian markets like Singapore, Malaysia and the Philippines.
“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. 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,” said Atome chief commercial officer Andy Tan.
Meanwhile, HSBC Singapore banking, corporate and institutional banking head Gilbert Ng said, “At HSBC, we support businesses by leveraging our global network, deep sector expertise, and capital strength. Our long-standing partnership with Atome reflects this commitment. We appreciate their continued trust and the opportunity to support them on this milestone transaction. We look forward to more shared successes in the years to come.”
“DBS is pleased to support Atome as Mandated Lead Arranger and Bookrunner, reaffirming our commitment to catalysing innovative and responsible growth in the digital economy. Atome continues to successfully leverage technology to scale accessible, transparent, and flexible credit solutions for underserved consumers in Southeast Asia within a robust risk framework – supporting DBS’ commitment to creating meaningful impact across the region,“ said DBS digital economy group head Chua Shih Guan.
