Atome, Southeast Asia’s largest buy now, pay later (BNPL) provider and part of Advance Intelligence Group, secured a $75-million asset-backed financing facility from Lending Ark to accelerate financial inclusion in the Philippines.
The financing from Lending Ark Asia Secured Private Debt Fund, advised by CITIC Securities CLSA Capital Partners (HK) Limited, will further Atome’s mission in the Philippines to improve access to risk-managed, responsible and sustainable credit products for Filipino consumers.
Lending Ark is a market leader in Asian asset-backed credit investments, having invested $1 billion across the region. It pioneered the design of unique asset-backed investments across the Philippines, Hong Kong, South Korea, Australia/New Zealand, Indonesia and Vietnam.
“Atome has cemented its position as a leading fintech player in Southeast Asia thanks to its unique strengths in credit risk management, responsible lending, and consumer empowerment,” said Carol Lee Park, managing director of Lending Ark.
“We’re excited to support Atome in the Philippines, a high-growth market with increasing demand for accessible, affordable credit and mobile-first financial solutions,” she said.
Andy Tan, chief commercial officer of Atome, said the Philippines is a key growth market for Atome.
“This financing reflects the continued confidence in Atome’s ability to deliver inclusive, risk-managed credit at scale. Lending Ark also supports our business in Indonesia and this latest expansion underscores the strength of our long-standing partnership. We’re grateful for their trust as we deepen our reach and empower more Filipinos with the tools to manage their finances responsibly,” he said.
Atome has expanded beyond BNPL and now offers insurance, savings, cards and lending services. Atome’s market leadership is backed by institutional funding partners including Standard Chartered, HSBC, Bank Jago, DBS Bank, SMBC, BlackRock, Evolution X Capital, InnoVen Capital and many others.
