Grab acquires 60% of Atome Financial for $1B to expand lending

Grab: Grab is Southeast Asia's leading super app, providing ride-hailing, food and grocery delivery, payments, and financial services including consumer lending across multiple countries in the region. It has been actively expanding its Financial Services segment through both organic initiatives and targeted acquisitions to deepen its offerings in lending and related products. The company is integrating Atome Financial to accelerate growth in consumer credit and digital lending across key Southeast Asian markets. Atome Financial: Atome Financial is a Singapore-based fintech platform offering buy-now-pay-later services, cash loans, cards, and other digital lending solutions to consumers and merchants. Operating across five Southeast Asian markets as a unit of Advance Intelligence Group, it focuses on flexible credit products in categories such as fashion, travel, and lifestyle. The acquisition by Grab positions its operations within a larger super app ecosystem to enhance regional scale and integration with existing services. Acquisition Strategy: Grab has pursued multiple acquisitions in 2026 to strengthen its financial services and delivery capabilities across Southeast Asia. Regional Lending Focus: Atome's operations complement Grab's existing financial products, supporting broader expansion of digital credit solutions for Southeast Asian consumers and merchants. Financial Services Expansion: The deal advances Grab's efforts to grow its consumer lending business by incorporating Atome's established BNPL and loan platforms in multiple regional markets.