Atome Financial

Fintech · BNPL · Consumer Lending

Acquisition

Grab to buy 60% of Atome Financial for $1.49B in fintech push

The ride-hailing giant is betting that owning a decade of lending data beats building credit models from scratch.

• Grab agreed to acquire a controlling 60% stake in Atome Financial from Advance Intelligence Group for $1.49 billion in cash, with a deal to buy the remaining 40% about two years later.
• Atome Financial is a buy-now-pay-later and digital lending platform operating in Singapore, Malaysia, the Philippines, Indonesia and Thailand, serving 25 million cumulative transacted users.
• The remaining 40% stake will be acquired under a performance-linked framework tied to Atome's EBITDA and revenue, valuing the company at $2 billion to $4.5 billion; the deal is expected to close by Q3 2027.
• Atome's revenue surged 80% in 2025 to $470 million, marking its second straight year of profit before taxes, with a $1 billion gross loan portfolio and improving delinquency rates.
• Grab now targets a gross loan portfolio of over $6 billion and $1.7 billion in Adjusted EBITDA by 2028, up from a prior $3 billion loan target, with the deal following its 2026 purchases of Stash Financial and Foodpanda Taiwan.
• Only about 1% of Grab's 138 million annual transacting users have taken a loan through the platform, according to COO Alex Hungate, underscoring the untapped lending opportunity Atome unlocks.
• It marks Grab's largest financial-services bet yet, signaling a pivot toward higher-margin lending as its core ride-hailing and delivery business faces intensifying competition and a nearly 40% stock decline in 2026.