Atome secures $345M facility as banks back Southeast Asia’s digital credit growth

Southeast Asia’s digital finance platform Atome has closed a renewed and upsized $345 million syndicated debt facility, up from $200 million in 2024, underscoring growing bank confidence in the region’s expanding digital credit ecosystem.

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 (SMBC) 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 Financial’s profitable regional portfolio and products such as buy now pay later (BNPL), lending and the Atome (Pay Later Anywhere) Card across key Southeast Asian markets 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 Andy Tan, chief commercial officer at Atome.

“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,” said Gilbert Ng, head of banking, corporate and institutional banking, HSBC Singapore.

“DBS is pleased to support Atome as MLAB, 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 Chua Shih Guan, head of digital economy group, DBS.

In its last audited FY2024 financial performance, Atome Financial — comprising Atome’s BNPL business, the Atome PayLater anywhere card, and Kredit Pintar — reported operating income rose 63% year-on-year (YoY) to $236 million, while Atome processed more than $2 billion in gross merchandise value (GMV) in 2024, up 50% YoY.

Growth momentum accelerated throughout 2025, with annualised net revenue surpassing $500 million, supported by annualised GMV of $6 billion. This momentum culminated in December 2025, with Atome Financial recording its strongest monthly GMV on record, representing over 70% YoY growth from December 2024.

Re-disseminated by Wealth and Society