Grab Confirms US$1.49 Billion Deal For Majority Stake In Atome
Grab has officially confirmed that it will acquire a majority stake in Atome Financial, following initial reports that the company was in talks to acquire the Singapore-based Buy Now, Pay Later (BNPL) provider. Under the agreement, the company will acquire an initial 60% stake in Atome for US$1.49 billion (~RM6.3 billion), with the transaction expected […] The post Grab Confirms US$1.49 Billion…
Grab has officially announced its acquisition of a majority stake in Atome Financial, a Singapore-based Buy Now, Pay Later (BNPL) provider. The company will acquire an initial 60% stake for US$1.49 billion, with the transaction expected to be finalized by the third quarter of 2027, pending regulatory approvals. Atome Financial, owned by Advance Intelligence Group, operates in several Southeast Asian countries, offering BNPL, consumer cash loans, BNPL cards, and other digital lending products.
This acquisition is expected to accelerate Grab's expansion of its financial services, including consumer lending and BNPL offerings. Atome Financial's presence in the Philippines, Indonesia, and Thailand will complement Grab's existing financial services in Malaysia and Singapore. The company plans to acquire the remaining 40% of Atome under a separate performance-linked arrangement, two years after the initial transaction closes, with the valuation ranging between US$2 billion and US$4.5 billion based on Atome's financial performance.
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