Grab takes majority stake in Atome Financial in US$1.49 billion deal
Grab will take an initial 60 per cent stake in Atome for US$1.49 billion, combining the target's Buy Now, Pay Later (BNPL) loans, consumer cash loans, BNPL cards and digital lending with its own financial services business.
Singapore-based Grab has announced it will acquire a majority 60 percent stake in Atome Financial for US$1.49 billion. This deal combines Atome's Buy Now, Pay Later (BNPL) services, consumer cash loans, BNPL cards, and digital lending with Grab's own financial services. Grab aims to boost its consumer lending push in Southeast Asia.
The acquisition, which could ultimately value Atome at up to US$4.5 billion, includes an agreement to purchase the remaining 40 percent stake within two years of the transaction closing. The deal is expected to be finalized by the third quarter of 2027. Peter Oey, Grab's CFO, expects Atome Financial to generate an adjusted EBITDA of US$500 million by 2028, alongside a combined gross loan portfolio exceeding US$6 billion, should the performance-linked acquisition be completed.
Written by urgent.news from CNA - Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Grab’s US$1.49B Atome deal signals a deeper race for SEA’s credit economy e27.co
- Grab takes majority stake in Atome Financial in US$1.49 billion deal channelnewsasia.com
- Grab set to acquire Atome stake for US$1.49bil to expand lending freemalaysiatoday.com
- Grab to buy Singapore-based Atome Financial for $1.49bn to boost consumer lending asia.nikkei.com
