Atome Financial Secures $80 Million Credit Facility

SINGAPORE (Reuters) – Singapore-based financial technology firm Atome Financial announced on Wednesday that it has secured an $80 million private credit facility managed by BlackRock (NYSE:BLK) and InnoVen Capital.

This three-year senior term loan facility also includes contributions from EvolutionX, a debt financier established by Singaporean bank DBS and state investor Temasek, first disclosed in June last year.

The funds will be utilized to enhance Atome Financial’s products, partnerships, and regional portfolio across Southeast Asian markets, namely Singapore, Malaysia, the Philippines, and Indonesia. According to Andy Tan, Atome Financial’s Chief Commercial Officer, this will foster significant growth.

Atome Financial offers a range of digital financial services in Southeast Asia. The company reported achieving full-year profitability in 2024 with a 45% year-on-year revenue growth to $280 million and anticipates this positive trend continuing into 2025.