Singapore-based FinTech firm Atome Financial announced Thursday it has entered into an $100 million debt facility with HSBC Singapore to supercharge Atome Financial’s flexible deferred payments business across Asia.

“We’re humbled and excited to have the support of HSBC. It is testament to the trust and confidence they have in our mission and track record in using technology to provide consumers with easier, simpler, and more affordable access to digital-first financial services, so we can drive broader financial inclusion across both developed and emerging markets in Asia,” Atome Financial Chief Financial Officer Trina Yeung said in a statement.

Atome Financial is a fintech company with extensive experience in consumer finance and promoting financial inclusivity through artificial intelligence technology.

The firm is an umbrella business unit made up of two brands. The first is Asia’s fastest growing buy now pay later platform, Atome, which currently partners 15,000+ retail partners across 10 markets in Asia in providing consumer-friendly flexible deferred payment options. Key regional partners include Sephora, Agoda, ZALORA, SHEIN, Zara, Lazada, H&M, Nike, adidas and Charles & Keith.

Atome officially launched its 10th market of operations in Japan recently.

The second brand is digital lending platform Kredit Pintar in Indonesia, one of the largest digital lending apps in Indonesia with 20+ million downloads and provides mobile-first financial services especially among underbanked and underserved segments.

Atome Financial is part of Advance Intelligence Group, one of the largest independent technology startups based in Singapore. It is supported by and partners with some of the world’s most respected financial institutions to propel its mission to enhance product access and financial inclusion across the region.

Last September, the group closed a $400 million+ Series D financing round from an investor consortium led by SoftBank Vision Fund 2, Warburg Pincus, Northstar and Singapore-based global investor EDBI, valuing the company at more than $2 billion.

“Singapore is home to innovative companies like Atome Financial, who are at the forefront of Southeast Asia’s new economy growth. We are very excited to support Atome Financial in their growth aspirations as they drive broader financial inclusion across the region,

“By providing flexible funding arrangements in markets where HSBC also has an on-ground presence, and supported by our ability to execute multi-market and multi-currency deals, we are able to connect clients to international opportunities and open new markets,” said Regina Lee, Head of Commercial Banking, HSBC Singapore.

HSBC is the structuring bank, lender, facility and security agent in providing a flexible, scaleable and pan-regional financing solution to support Atome Financial’s business expansion.

The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 63 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa.

With assets of $2,985 billion as of June 30, 2022, HSBC is one of the largest banking and financial services organisations in the world.

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