Atome levels up with a US$100M debt facility to conquer the Philippines

Singapore's buy-now-pay-later Atome Financial, has exciting news! They've just renewed their $100 million debt facility with HSBC Singapore, a move that signals further growth and expansion.

Here's the lowdown:

• The Big Picture: Get ready for some serious growth, folks! Atome is gearing up to expand its services in the Philippines and whip up exciting new consumer financing goodies. Brace yourselves for the ride!

• Why the Philippines? Well, it's a goldmine of opportunities for Atome. There are 34.3 million adults in the Philippines who are unbanked as of 2021. Atome sees this as a chance to make a big impact.

• Atome's Track Record: Since its launch in December 2019, they've been revolutionizing the lending landscape in Indonesia with their Kredit Pintar mobile app. The numbers speak for themselves - a staggering 40 million app downloads and over US$4 billion in loans disbursed.

• Fun Fact: In May 2021, Advance Intelligence Group (Atome's parent company) announced a whopping US$400 million raise in its Series D round of financing. The round was co-led by big guns SoftBank Vision Fund 2 and Warburg Pincus, with a little help from Northstar, Vision Plus Capital, Gaorong Capital, and EDBI.

So, there you have it. Atome's making moves and they're not slowing down. Stay tuned, folks!