Grab said to be in talks to buy Singapore fintech firm Atome

Grab Holdings, Southeast Asia's largest ride-hailing and food-delivery company, is reportedly in discussions to acquire a majority stake in Singapore-based buy-now-pay-later platform Atome Financial, according to sources familiar with the matter. The potential transaction could value Atome at over US$2 billion, according to the sources.

No final decisions have been made yet, as talks are ongoing. Representatives from Grab, Atome Financial, and Advance Intelligence Group, Atome's owner, did not comment on the matter. Grab's shares have fallen 39% this year, reducing its market value to US$12.4 billion. The company is actively pursuing growth through both organic expansion and acquisitions.

In the US, Grab recently purchased Stash Financial for US$425 million and acquired the Taiwan operations of meal-delivery firm Foodpanda from Delivery Hero for US$600 million. Earlier this month, Grab raised its annual earnings and sales forecasts, indicating strong demand from commuters is helping to offset the impact of higher fuel prices due to conflicts in the Middle East.

Atome, which means "Available to me," provides consumers with flexible payment options at online and offline retailers in various sectors such as fashion, beauty, lifestyle, travel, fitness, and homeware. In 2025, Atome's revenue grew by 80% to US$470 million, leading to its second consecutive annual profit before taxes. Atome's owner, Advance Intelligence Group, is backed by investors including SoftBank Vision Fund 2 and Warburg Pincus.