Atome Financial, a leading digital financial technology platform in Southeast Asia, has expanded its financing capabilities with an $80 million credit facility, welcoming BlackRock Private Credit and InnoVen Capital as new consortium members. The funding, part of a three-year senior secured term loan facility, builds on an earlier tranche provided by EvolutionX Debt Capital in June 2024.
The move underscores investor confidence in Atome Financial’s market leadership and growth trajectory, particularly in the fast-evolving buy-now-pay-later (BNPL) and digital lending sectors.
BlackRock’s private credit team, known for its extensive expertise in alternative investments, sees strong potential in the region.
“Southeast Asia is one of the fastest-growing regions in the world where we see attractive private credit investment opportunities. Atome Financial has established itself as a leading fintech player, and we look forward to supporting their accelerated expansion,” said Celia Yan, Head of APAC Private Credit at BlackRock.
InnoVen Capital, a venture debt provider backed by Temasek Holdings’ Seviora and UOB, also emphasized the strategic value of the partnership.
“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,” said Ben Cheah, Partner at InnoVen Capital SEA.
Atome Financial, part of Advance Intelligence Group, has demonstrated significant growth:
- 45% year-over-year revenue increase, reaching $280 million in FY2024
- 35% YoY growth in Gross Merchandise Value (GMV), hitting $2.5 billion
- Profitability optimization across its product portfolio
- Operational efficiencies driven by generative AI, enhancing customer service, collections, and product sales
- Achieved full-year profitability
The company expects this momentum to accelerate in 2025, leveraging the credit facility to expand its product suite and strengthen regional partnerships.
Atome Financial, which operates BNPL services under Atome and digital lending through Kredit Pintar in Indonesia, aims to enhance financial access across Singapore, Malaysia, the Philippines, and Indonesia.
Andy Tan, Chief Commercial Officer at Atome Financial, highlighted the significance of the funding.
“We are incredibly excited and honored to welcome BlackRock and InnoVen Capital as our new lending partners. Their participation is a testament to our continued operational excellence and remarkable business momentum. This facility will propel the growth of our expanded product suite, strategic partnerships, and profitable regional portfolio,” he said.
As Southeast Asia’s fintech ecosystem continues to evolve, Atome Financial’s strengthened financial position places it at the forefront of digital lending and BNPL services, reinforcing its role in driving financial inclusion across the region.
