Grab to acquire majority stake in BNPL platform Atome for US$1.5 billion
The deal could ultimately value the target at up to US$4.5 billion
Grab, the Singapore-based super-app, announced on Tuesday that it plans to acquire a 60% stake in Atome Financial, a BNPL platform, for US$1.5 billion. The deal could potentially value Atome Financial at up to US$4.5 billion, and it will allow Grab to leverage Atome's existing customer base and enhance its financial services offerings.
Atome Financial operates across Singapore, Malaysia, the Philippines, Indonesia, and Thailand, boasting a user base of 25 million cumulative transacted users. By acquiring the majority stake, Grab aims to accelerate its financial services growth, streamline the credit underwriting process, and create more value for its ecosystem.
This acquisition is expected to contribute to Grab's financial services segment targets and result in faster loan-book growth and lower costs.
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- Grab agrees to acquire a 60% stake in Singapore-based BNPL platform Atome from Advance Intelligence Group and others for $1.49B; Atome had $470M in 2025 revenue (Olivia Poh/Bloomberg) bloomberg.com
- Grab to buy most of Singapore tech firm Atome for $1.9b straitstimes.com
- Grab takes majority stake in Atome Financial in US$1.5 billion deal businesstimes.com.sg
