Atome Financial secures growth debt facility to expand in Southeast Asia

By Gloria Mathias

Atome Financial, Southeast Asia’s digital financial technology platform and part of Advance Intelligence Group, has secured a three-year term loan facility from EvolutionX Debt Capital (EvolutionX) and is concurrently working with a syndicate of investors to fully utilize the facility’s accordion feature, which can increase the total amount to up to $100 million.

The new facility will expand the company’s regional credit portfolio and support the launch of new products such as savings, lending, insurance, and Atome Card (Pay Later Anywhere) in markets including Singapore, Malaysia, the Philippines, and Indonesia.

Atome Financial is part of the Singapore-headquartered Advance Intelligence Group, which is backed by top-tier investors such as SoftBank Vision Fund 2, Warburg Pincus, Northstar and Singapore-based global investor EDBI.

Rahul Shah, Partner at EvolutionX, said, “We have been impressed by Atome Financial’s management team and support from long-term investors and partners, underpinned by a strong focus on risk management and operational efficiency, which has resulted in sustainable and profitable business growth. The launch of innovative and fit-for-market solutions like the Atome Card (PayLater Anywhere) and lending products demonstrates their ability to expand offerings while leveraging local market expertise. This is our first fintech investment in Southeast Asia, and we’re excited to support Atome Financial in their ongoing journey to improve financial inclusion and access to mobile-first financial services in large underserved markets in Southeast Asia.”

Jefferson Chen, Group co-founder and CEO of Advance Intelligence Group, said, “With Atome Financial having reached profitability earlier this year, we’re excited to partner EvolutionX for our next stage of growth. This new facility recognises Atome Financial’s operational excellence and platform value as we look to accelerate the momentum of our digital financial services business, the expansion of regional strategic partnerships like TikTok Shop and Lazada as well as the launch of the new Atome Card, savings and lending products across key Southeast Asian markets.”