Total amount raised
$1.2 Billions
Latest funding date
02/01/2025
Location
Atome has successfully raised funds through multiple rounds, with the latest being a debt financing round on February 11, 2025. The company is backed by nine investors, including InnoVen Capital and EvolutionX Debt Capital.
Keep reading to explore the intricacies of Atome's fundraising journey and the investors backing this innovative platform.
What Is Atome?
Atome, founded in December 2019, is an omnichannel brand based in Singapore. The company offers a buy now, pay later service, allowing customers to split payments over time with 0% interest.
Atome partners with retailers across various sectors, including fashion, beauty, lifestyle, fitness, and homeware, providing consumers with flexibility and convenience in shopping and payment. The company also features a rewards program called Atome+.
With a workforce of 501-1000 employees, Atome continues to drive digital commerce and financial services, partnering with both online and offline retailers. The founders' names are not explicitly mentioned in the available sources.
How Much Funding Has Atome Raised?
- Amount Raised: $500M
- Date: October 2021
- Lead Investors: Standard Chartered Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its digital financial services and strengthen its market position.
- Amount Raised: $45M
- Date: July 2022
- Lead Investors: Advance Intelligence Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and market expansion.
- Amount Raised: $100M
- Date: August 2022
- Lead Investors: HSBC Bank Singapore
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability and support regional growth.
- Amount Raised: $100M
- Date: August 2023
- Lead Investors: HSBC Bank Singapore
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its product offerings and strengthen its market presence.
- Amount Raised: $31M
- Date: January 2024
- Lead Investors: Advance Intelligence Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing product innovation and market expansion.
- Amount Raised: $100M
- Date: June 2024
- Lead Investors: EvolutionX Debt Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability and support regional growth.
- Amount Raised: $200M
- Date: November 2024
- Lead Investors: HSBC Bank Singapore
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its product offerings and strengthen its market presence.
- Amount Raised: $80M
- Date: February 2025
- Lead Investors: BlackRock, InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow its products, partnerships, and regional portfolio in Southeast Asia.
Total Amount Raised: $1.156B. Current Valuation: Not publicly disclosed.
Key Investors
- HSBC Bank Singapore
- Details: HSBC Bank Singapore is a subsidiary of HSBC Holdings, one of the world's largest banking and financial services organizations. It provides a wide range of financial services including retail banking, wealth management, and commercial banking.
- Investment Focus Areas: Retail banking, wealth management, commercial banking.
- Notable Investments: Not publicly disclosed.
- EvolutionX Debt Capital
- Details: EvolutionX Debt Capital is a debt financing company established by DBS Bank and Temasek. It focuses on providing growth capital to technology-enabled companies in Asia.
- Investment Focus Areas: Technology, fintech, growth-stage companies.
- Notable Investments: Not publicly disclosed.
- Advance Intelligence Group
- Details: Advance Intelligence Group is a technology company that operates in the areas of artificial intelligence, big data, and financial services. It is also the parent organization of Atome.
- Investment Focus Areas: Artificial intelligence, big data, financial services.
- Notable Investments: Not publicly disclosed.
- Standard Chartered Bank
- Details: Standard Chartered Bank is a British multinational banking and financial services company. 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.
- Notable Investments: Not publicly disclosed.
- BlackRock
- Details: BlackRock is one of the world's largest asset managers, providing investment management, risk management, and advisory services for institutional and retail clients worldwide.
- Investment Focus Areas: Asset management, private credit funds, real estate.
- Notable Investments: Not publicly disclosed.
What's Next for Atome?
Atome's future looks promising as it continues to expand its products, partnerships, and regional portfolio across Southeast Asia. With a recent $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 opportunities. However, the company may face challenges such as market competition, regulatory hurdles, and economic fluctuations in the region.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Atome and gather other critical business insights. Sign up for free and start making data-driven decisions today.
