← State of Embedded Finance 2026

Atome

Can Atome become Southeast Asia's dominant embedded consumer credit platform by expanding from BNPL at checkout to a universal Pay Later card accepted anywhere?

Founded2019
HQSingapore
Total raised$1.4B
Latest roundDebt facility, January 2026
IndustryFintech / Lending
The story

Founded in 2019 as a BNPL-focused consumer lending platform in Singapore under Advance Intelligence Group, Atome expanded rapidly across 12 Southeast Asian markets by embedding installment payments at checkout for 235,000+ merchants. The company evolved beyond pure BNPL to launch the 'Pay Later Anywhere' card, enabling consumers to split payments at any merchant rather than only at integrated partners. By 2026, Atome had scaled its credit book to over US$2 billion in annual transactions and secured a US$345 million syndicated debt facility, signaling a shift toward becoming a full-service digital finance platform for Southeast Asian consumers.

Last 12 months
2025-06
2026-01
Product timeline
2019
Atome launched in Singapore as a Buy Now Pay Later (BNPL) platform under APaylater Financials Pte Ltd, part of Advance Intelligence Group.· lending
2020
Signed merchant contracts in Singapore formalizing BNPL fee structures and merchant onboarding under the APaylater Financials Pte Ltd entity.· lending
2024
Secured US$200 million syndicated debt facility led by HSBC to fund BNPL credit book expansion across Southeast Asia.· lending
2025
Secured US$75 million asset-backed financing from Lending Ark as demand for affordable credit grew; expanded Pay Later Anywhere card product.· card
2026
Upsized credit facility to US$345 million with HSBC and DBS as MLABs; operating income reached US$236 million in 2024, up 63% YoY with transactions exceeding US$2 billion.· lending
The stack
Lending
BNPL installments (3 installments, 0% interest)Personal lendingPay Later Anywhere card credit
FX & payouts
Airwallex
Accounting gap: none