Grab Acquires $1.49 Billion Stake in Atome Financial
Grab has agreed to acquire a controlling 60% stake in Atome Financial for $1.49 billion, with the transaction expected to close by Q3 2027 subject to regulatory approvals and other conditions. The deal will integrate Atome's buy now, pay later (BNPL) services—active across five Southeast Asian markets—with Grab’s financial services unit, enhancing its consumer lending capabilities. Atome Financial has served over 25 million users in Singapore, Malaysia, the Philippines, Indonesia, and Thailand. The acquisition is expected to expand payment options for Grab's nearly 54 million Monthly Transacting Users while allowing Grab access to Atome's network of more than 30,000 brands. The integration will also combine AI-based lending infrastructure with user data from both companies to improve credit risk assessment and limit over-indebtedness. Grab plans to inject $260 million in primary growth capital as part of the deal’s first phase.
Tickers: $GRAB
Topics: BNPL consumer lending financial services Southeast Asia