Singapore-based fintech firm Atome has expanded its syndicated debt facility to US$345 million to support its regional growth, Reuters reported.
The latest facility represents an increase from the US$200 million that the company secured in 2024.
HSBC continues to act as structuring bank and has been appointed mandated lead arranger and bookrunner, while DBS has joined in the same role.
Returning lenders include Sumitomo Mitsui Banking Corporation’s Singapore branch, Baiduri Bank and Cathay United Bank, while Fubon Bank and Shanghai Pudong Development Bank are participating as new lenders.
Atome said the funds will be used to expand its instalment payments business, broader consumer lending portfolio and the Pay Later Anywhere card across Singapore, Malaysia and the Philippines.
Andy Tan, Atome’s Chief Commercial Officer, said the expanded facility would improve the company’s capacity to support the growth of its loan book.
The company is part of Advance Intelligence Group, which counts SoftBank Vision Fund 2 and Warburg Pincus among its investors, and has been building out consumer credit products in the region.
Featured image: Edited by Fintech News Singapore, based on image by starmultikharisma via Freepik
