Total amount raised
$1.2 Billion
Latest funding date
02/01/2025
Location
Atome has successfully raised funds through 10 different rounds, with its latest funding type being Debt Financing. The company is backed by 13 investors, including recent ones like Fubon Bank and Baiduri Bank.
Keep reading to explore the intricacies of Atome's fundraising journey and the investors backing this innovative platform.
What Is Atome?
Atome is a fintech company based in Singapore, specializing in Buy Now, Pay Later (BNPL) services. The company operates in various sectors, including FinTech, Financial Services, Mobile Payments, and E-Commerce.
Founded in Singapore, Atome has grown to employ between 501 and 1000 people. The platform allows consumers to split their purchases into three interest-free payments, partnering with numerous online and in-store retailers.
Atome aims to empower shoppers with flexible payment options and rewards through its Atome+ program, enhancing customer engagement and sales for its retail partners.
How Much Funding Has Atome Raised?
- Debt Financing
- Amount Raised: USD 500,000,000
- Date: October 2021
- Lead Investors: Standard Chartered Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its BNPL services and enhance technological infrastructure.
- Corporate Round
- Amount Raised: USD 45,000,000
- Date: July 2022
- Lead Investors: Advance Intelligence Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen its market position and develop new product features.
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: August 2022
- Lead Investors: HSBC Bank Singapore
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support regional expansion and increase customer acquisition.
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: August 2023
- Lead Investors: HSBC Bank Singapore
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its financial services and expand into new markets.
- Corporate Round
- Amount Raised: USD 31,000,000
- Date: January 2024
- Lead Investors: Advance Intelligence Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop innovative payment solutions and enhance customer experience.
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: June 2024
- Lead Investors: EvolutionX Debt Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technological capabilities.
- Debt Financing
- Amount Raised: USD 200,000,000
- Date: November 2024
- Lead Investors: HSBC Bank Singapore
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its product offerings and enter new geographical markets.
- Debt Financing
- Amount Raised: USD 80,000,000
- Date: February 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow products, partnerships, and regional portfolio in Southeast Asia.
- Debt Financing
- Amount Raised: USD 75,000,000
- Date: June 2025
- Lead Investors: Lending Ark Asia Secured Private Debt Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability and support long-term growth strategies.
Total Amount Raised: USD 1,231,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Standard Chartered Bank
- Details: Standard Chartered Bank is a British multinational banking and financial services company headquartered in London. It operates a network of more than 1,200 branches and outlets across more than 70 countries.
- Investment Focus Areas: Retail banking, corporate banking, wealth management, treasury services.
- Notable Investments: Atome, Grab, Ant Financial.
- HSBC Bank Singapore
- Details: HSBC Bank Singapore is a subsidiary of HSBC Holdings plc, one of the world's largest banking and financial services organizations. It offers a comprehensive range of financial services to individuals, businesses, and institutions.
- Investment Focus Areas: Retail banking, commercial banking, global banking, wealth management.
- Notable Investments: Atome, Grab, Singtel.
- Advance Intelligence Group
- Details: Advance Intelligence Group is a technology company that leverages AI to provide solutions in digital identity verification, fraud prevention, and credit scoring. It is headquartered in Singapore.
- Investment Focus Areas: Fintech, artificial intelligence, e-commerce, digital identity.
- Notable Investments: Atome, Gojek, Bukalapak.
- EvolutionX Debt Capital
- Details: EvolutionX Debt Capital is a debt financing platform established by DBS Bank and Temasek. It focuses on providing growth capital to technology companies in Asia.
- Investment Focus Areas: Debt financing, technology, growth-stage companies.
- Notable Investments: Atome, Carro, Ninja Van.
- Lending Ark Asia Secured Private Debt Fund
- Details: Lending Ark Asia Secured Private Debt Fund is a private debt fund that provides secured lending solutions to companies in Asia. It focuses on structured credit and asset-backed lending.
- Investment Focus Areas: Private debt, structured credit, asset-backed lending.
- Notable Investments: Atome, PropertyGuru, Carsome.
What's Next for Atome?
Atome's future looks promising as it continues to expand its products, partnerships, and regional portfolio in Southeast Asia. With an $80 million credit facility secured from BlackRock and InnoVen Capital, the company is well-positioned to capitalize on the growing demand for digital financial services in markets like Singapore, Malaysia, the Philippines, and Indonesia.
Given its strong financial performance, including a 45% year-on-year revenue growth to $280 million in 2024, Atome is likely to attract further investment. This financial momentum could pave the way for additional fundraising opportunities, enabling the company to enhance its technological capabilities and market presence.
However, Atome may face challenges such as competition from other fintech firms and traditional financial institutions, as well as regulatory hurdles in different Southeast Asian markets. Navigating these obstacles will be crucial for sustaining its growth trajectory and achieving long-term success.
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