Atome

Singapore-based Atome is a technology company that operates in the retail and fashion industry. Founded in 2017, Atome is a subsidiary of Advance Intelligence Group. The company's BNPL option allows consumers to split their total bill into three interest-free payments over three months. Customers are only charged a fee if they can’t pay on time. This feature allows shoppers to access diverse lifestyle brands and services matched to individual passions. Atome uses AI to provide flexible interest-free payments and personalized controls.

Atome’s BNPL service was launched in Singapore in December 2019 and has since expanded into Hong Kong, Malaysia, Indonesia, and other parts of Southeast Asia as well as India and China.

Key customers and partnerships

In March 2024, Atome partnered with Chubb, a digital insurance provider, to co-create a range of insurance products for Atome's customers in Singapore, Malaysia, the Philippines, and Indonesia. As of October 2023, the company had partnered with over 5,000 local and global retail brands across various categories such as fashion, beauty, home decor, lifestyle, and fitness. In July 2023, the company collaborated with OPN , a Japanese merchant payment processing platform, to offer flexible payment solutions in Singapore and Malaysia. In November 2022, Atome partnered with Airwallex to enable Airwallex merchants to offer installment-based payments to their customers.

Funding and financials

In January 2024, Atome secured USD 31 million from its parent company, Advance Intelligence Group, through an internal share conversion process within the group's various business units. The company earmarked the funds to support its ongoing diversification efforts including expanding its product offerings to provide services, such as insurance, cards, and investments. It had also raised USD 100 million as a debt facility with HSBC Singapore in August 2023. The funds were to be used for its expansion into the Philippines and to offer new financing products focused on consumers.

As of August 2023, the platform had serviced over USD 4 billion in total loans.