Home / Business and Economy / Grab Buys 60% of Atome Financial for $1.49B
Grab Buys 60% of Atome Financial for $1.49B
17 Sep
Summary
- Grab to acquire 60% stake in Atome Financial for $1.49 billion.
- Deal expected to close by Q3 2027, pending regulatory approvals.
- Acquisition aims to enhance Grab's consumer lending capabilities.
Grab has entered into definitive agreements to purchase a 60% controlling stake in Atome Financial for $1.49 billion in cash. This transaction is expected to conclude by the third quarter of 2027, contingent upon regulatory approvals and customary closing conditions.
Upon completion, Atome Financial's operations, including buy now, pay later (BNPL) services and consumer loans, will merge with Grab's financial services division. The acquisition is designed to strengthen Grab's position in the consumer lending sector by leveraging Atome Financial's established platform and user base.
This deal will expand Grab's reach to Atome Financial's 25 million cumulative transacted users across five Southeast Asian markets. It will also enhance their combined credit assessment capabilities, utilizing Atome's AI-based lending infrastructure and Grab's extensive user data to manage credit risk effectively.
