Grab Takes Majority Stake in Atome Financial in US$1.49 Billion Deal
The deal could value the buy-now-pay-later platform at up to $4.5 billion as Grab expands its consumer lending push in Southeast Asia.
- On Tuesday, September 15, 2026, Grab Holdings announced it will acquire a 60% stake in buy-now-pay-later platform Atome Financial for $1.49 billion, expanding its presence in Southeast Asian consumer lending.
- Advance Intelligence Group agreed to sell the majority stake in its BNPL platform Atome, which stands for "Available to me," offering flexible payment solutions across fashion, beauty, lifestyle, travel, fitness and homeware sectors.
- Grab CFO Peter Oey stated the company aims to grow its combined gross loan portfolio to over $6 billion by 2028, significantly raising its previous target of more than $3 billion by end-2026.
- Under a performance-linked framework, Grab agreed to acquire the remaining 40% stake about two years after closing, with total deal valuation capped at $4.5 billion and floored at $2 billion.
- This purchase follows Grab's recent acquisitions, including a $425 million stake in Stash Financial and the $600 million purchase of Foodpanda's Taiwan operations, as the company seeks to revive growth.
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18 Articles
The freight forwarding group by application Grab announced on Tuesday (15) that it agreed to acquire a 60% stake in Atom Financial — a financial service provider based in Singapore — for $1.49 billion (about R$7.7 billion), in a move to expand its consumer credit business in Southeast Asia. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Grab takes majority stake in Atome Financial in $1.49 billion deal
Channel News Asia
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.
Grab to Buy Most of Atome for $1.49 Billion to Spur Lending Push
Grab Holdings Ltd. agreed to buy a majority stake in Singapore-based buy-now-pay-later platform Atome Financial for $1.49 billion, staking a major bet on financial services as it builds out a new pillar of growth.
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