Grab Holdings acquires 60% stake in Atome from Advance Intelligence Group

Atome: Atome is a digital finance platform specializing in buy-now-pay-later and related consumer finance solutions available at online and offline merchants in Southeast Asia. It operates as part of a larger technology group and uses technology to support flexible payment options for consumers. The company is the primary target in Grab's announced acquisition deal, which aims to integrate its lending capabilities into Grab's ecosystem. Grab Holdings: Grab Holdings is a Southeast Asia-based technology company operating ride-hailing, food delivery, and other on-demand services across multiple countries in the region. It has been actively expanding its financial services offerings as part of broader growth initiatives. In this news, Grab is acquiring a majority stake in Atome to accelerate its push into consumer lending and fintech. Advance Intelligence Group: Advance Intelligence Group is a Singapore-headquartered technology firm with interests in artificial intelligence applications and fintech businesses, including through its subsidiary Atome. It supports portfolio companies focused on financial inclusion and digital services in Southeast Asia. The group is directly involved in the transaction as the parent entity selling a controlling interest in Atome to Grab. Fintech Expansion: Grab is pursuing acquisitions to build out its financial services segment and integrate external consumer credit capabilities into its regional platform. AI-Powered Lending: Atome applies artificial intelligence to borrower assessment and risk management, which is expected to scale and strengthen Grab's overall ecosystem following the deal.