Market Chatter: Grab in Talks to Join Atome Financial's $100 Million Funding Round

MT Newswires06-11

Grab is said to be in talks to join a funding round for Atome Financial, which could raise more than $100 million, according to a DealStreetAsia report on Thursday, citing sources.

Atome Financial is part of Singapore-based Advance Intelligence Group and operates BNPL platform Atome and Indonesian digital lender Kredit Pintar.

The latest fundraising could be structured in phases, with likely more tranches, and the details for the round were still being worked out, the report said.

The deal, if concluded, is expected to help strengthen Grabʼs lending business in the 'buy now, pay later' category through its platform 'PayLater', driver and merchant financing, and partner-originated personal loans, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment