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Atome
Fintech
Atome Financial secures another US$200 mil syndicated credit facility from HSBC
The fintech group had secured a US$100 million facility from HSBC in 2022 to expand its payments business across Asia.
8 days ago
Digital Economy
Abnk, Atome, Grab and SeaMoney awarded BNPL Trustmark
Come May 1, customers will be able to identify accredited BNPL providers through the Trustmark.
April 29, 2024
Fintech
Buy now, pay later providers will need to comply with updated code of conduct from Nov 1
The code of conduct was first launched a year ago to guide players and ensure that users do not take on too much debt.
November 09, 2023
Equity raising
Singapore-based tech unicorn and Atome parent, Advance Intelligence Group, raises US$80 mil
The fundraising follows the group’s previous Series D round of over US$400 million in 2021.
May 03, 2023
Fintech
Experian appointed to perform creditworthiness checks on buy now, pay later users
Experian will operate the BNPL bureau in Singapore with all accredited BNPL players sharing users’ credit information.
November 24, 2022
Fintech
$2,000 debt limit for buy now, pay later users and credit information sharing under new code of conduct
Under a new code, buy now, pay later providers pledge to cap all fees, including late fees and other charges.
October 20, 2022
Fintech
Atome offers BNPL for Cathay Pacific flights, resists sector consolidation with group's US$2 bil valuation
In March, Bloomberg reported that the group is in “preliminary discussions with advisors” to raise a US$300 million.
May 12, 2022
Banking & finance
MAS warns against buy now, pay later services as more Gen Z Singaporeans turn to borrowings
MAS has launched a media campaign warning that buy now, pay later methods may lead to debt and consumer credit risk.
June 15, 2021
Fintech
Atome races ahead across Asia
In a matter of months, and perhaps in one of the most challenging periods in retail history, Atome has made significant headway.
April 30, 2021