Key facts
- Grab agreed to acquire a 60% stake in Singapore-based Atome Financial for $1.49 billion.
- The acquisition aims to expand Grab's consumer lending business in Southeast Asia.
- Atome Financial offers consumers flexible payment solutions at online and offline retailers.
- Atome's revenue surged 80% to $470 million in 2025, achieving its second-straight annual profit before taxes.
- Atome's owner, Advance Intelligence Group, is backed by SoftBank Vision Fund 2 and Warburg Pincus.
Grab Holdings, the largest ride-hailing and food-delivery company in Southeast Asia, has agreed to acquire a 60% stake in Singapore-based buy now, pay later (BNPL) platform Atome Financial for $1.49 billion. The deal aims to bolster Grab's financial services and expand its consumer lending operations across the region.
Atome Financial, which offers flexible payment solutions for consumers across various retail sectors, reported an 80% surge in revenue to $470 million in 2025, marking its second consecutive year of profit before taxes. The company's owner, Advance Intelligence Group, counts SoftBank Vision Fund 2 and Warburg Pincus among its backers.
Grab's shares have seen a 39% decline in 2026, contributing to a market value of $12.4 billion. The company has been pursuing growth through both organic expansion and acquisitions, having previously purchased Stash Financial in the US and Foodpanda's Taiwan operations in 2026. In August, Grab raised its annual earnings and sales forecasts, indicating strong demand for its services despite higher fuel prices.