Atome Financial boosts loans with fresh partners

Atome Financial, a digital, an artificial intelligence-powered lender, expects continued growth in revenues from Filipino and other Southeast Asian clients this year, with co-management by BlackRock and InnoVen Capital.

“We are incredibly excited and honored to welcome BlackRock and InnoVen Capital as our new lending partners. Their participation is testament to our continued operational excellence, market leadership and remarkable business momentum, which is expected to accelerate in 2025,” Atome Financial chief commercial officer Andy Tan said.

“This partnership will help propel the growth of our expanded product suite, strategic partnerships and profitable regional portfolio to better serve the diverse financial needs of consumers across key Southeast Asia markets including Singapore, Malaysia, the Philippines and Indonesia,” he added.

US-based BlackRock manages funds of individual, corporate, and institutional and government clients, while InnoVen Capital is a Singapore-based investment firm backed by Temasek Holdings and UOB, a lender for startups in Southeast Asia, China and India.

Revenue boost

Atome on Wednesday reported it boosted revenues by 45 percent to $280 million last year compared to the level in 2023 through its Buy-Now-Pay-Later (BNPL) and digital lending platform Kredit Pintar in Indonesia.

The firm’s gross merchandise value jumped by 35 percent to $2.5 billion.

In November last year, Atome announced it secured syndicated credit of up to $200 million after a surge in its BNPL card transactions.