Atome Financial Strengthens its Debt Facility with Support of HSBC Singapore

Atome Financial, a Singapore FinTech firm, announced on Aug 16 that it has renewed and expanded its $100 million debt facility with HSBC Singapore to include the Philippines market and to support new consumer financing products.

"We're excited to have the renewed support of HSBC, especially since it now includes the Philippines, a key strategic market for us in providing unbanked and underbanked consumers with easier, simpler, and more affordable access to digital-first consumer financing products," said Atome Financial Funding Head Andy Tan in a statement.

Atome Financial is a digital consumer financing platform in Southeast Asia with extensive experience in consumer finance and promoting financial inclusivity through artificial intelligence technology.

Through the Atome mobile app, the company offers consumers across the region flexible deferred payments, smart savings, and rewarding shopping experiences, as well as digital consumer loans in Indonesia through the Kredit Pintar mobile app.

Atome Financial has over 40 million app downloads and has disbursed over $4 billion in loans.

"It pleases us to see innovative companies like Atome Financial leading the charge in driving Southeast Asia's new economy growth," said Harish S Venkatesan, Managing Director and Head of International Subsidiary Banking, HSBC Singapore. "We are glad to play a role in supporting their ambition and remain committed to tapping on HSBC's global network, strong regional presence, and suite of banking capabilities to support their expansion in the region."