Sources: Grab is in talks to buy a majority stake in Advance Intelligence Group's Singapore-based BNPL platform Atome Financial at a $2B+ valuation (Bloomberg)

Grab Holdings, Southeast Asia's largest ride-hailing and food-delivery firm, is reportedly in negotiations to acquire a majority stake in Singapore's buy-now-pay-later platform Atome Financial, according to sources familiar with the situation. The potential deal could value Atome, a unit of Advance Intelligence Group, at over US$2 billion, the sources said without providing names due to the private nature of the discussions.

The talks are ongoing, and no final decisions have been finalized, they added. Grab's representatives, along with those from Atome Financial and Advance Intelligence Group, declined to comment.

Grab's stock has fallen 39% in 2026, reducing its market value to US$12.4 billion. The South Korean firm is looking to expand its growth both organically and through acquisitions. In 2026, Grab purchased Stash Financial in the US for US$425 million and acquired Foodpanda's Taiwan operations from Delivery Hero for US$600 million. In August, Grab raised its earnings and sales forecasts, indicating that strong demand from commuters is helping to offset the effects of higher fuel prices caused by the Middle East conflict.

Atome, meaning "Available to me," provides consumers with flexible payment options at online and offline retailers across fashion, beauty, lifestyle, travel, fitness, and homeware sectors. The company's revenue surged 80% to US$470 million in 2025, enabling it to achieve its second consecutive annual profit before taxes. Advance Intelligence Group, the parent company of Atome, is backed by investors such as SoftBank Vision Fund 2 and Warburg Pincus.