<div>
  <ul>
    <li>
      <p>
        Singapore-based Atome, a flexible embedded payment solution provider, has secured a USD 200 million syndicated credit facility led by HSBC through its ASEAN Growth Fund, with participation from DBS Bank, Sumitomo Mitsui Banking Corporation, and Baiduri Bank.
      </p>
    </li>
    <li>
      <p>
        The facility will support expanding its lending products and &quot;Pay Later Anywhere&quot; card across Southeast Asian markets, particularly Singapore, Malaysia, and the Philippines.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        This funding news adds to Atome&rsquo;s 
        <a href="https://sp-edge.com/updates/30807">
          three-year debt facility
        </a>
         secured from EvolutionX Debt Capital in June 2024, which was utilized to expand its credit portfolio across Southeast Asia. Moreover, the company is also diversifying its portfolio by providing new services, such as insurance, flexible payment cards, and investments.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://fintechnews.sg/104034/funding/atome-credit-facility-hsbc/">
      Fintech Singapore
    </a>
  </p>
  <p>
    <a href="https://www.techinasia.com/news/atome-secures-200m-syndicated-credit-facility">
      Tech in Asia
    </a>
  </p>
</div>


Buy Now, Pay Later

ANALYST_QUICK_TAKE

<div>
 <p>Singapore-based company Atome, which provides flexible embedded payment solutions, has obtained a syndicated credit of USD 200 million. The credit facility is led by HSBC through its ASEAN Growth Fund. Other participants in this deal include DBS Bank, Sumitomo Mitsui Banking Corporation, and Baiduri Bank.</p>
 <p>The credit facility will be used to extend Atome's lending products and the "Pay Later Anywhere" card in Southeast Asian markets. Primarily, the expansion will be in Singapore, Malaysia, and the Philippines.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> This funding news adds to Atome’s <a href="https:<br>
//sp-edge.com/updates/30807"> three-year debt facility </a> secured from EvolutionX Debt Capital in June 2024, which was utilized to expand its credit portfolio across Southeast Asia. Moreover, the company is also diversifying its portfolio by providing new services, such as insurance, flexible payment cards, and investments.</p>

Atome Financial raises USD 200 million in credit facility from HSBC

<div>
 <p>Revolut, a UK-based neobanking platform, has received its UK trading license from the Financial Conduct Authority (FCA). This enables Revolut Trading to function as an authorized investment firm and broaden its product portfolio for its over 650,000 UK trading customers. The firm intends to launch UK and EU stocks and ETFs and enhance its trading platform shortly.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> This July—after a three-year wait—Revolout secured its <a href="https:<br>
//sp-edge.com/updates/32011"> UK banking </a> <a href="https:<br>
//sp-edge.com/updates/32011"> license </a> from the Prudential Regulation Authority (PRA). These regulatory licenses position the company to offer a wider range of financial services in the UK and set it toward a potential IPO, despite the company not confirming such plans. Following an <a href="https:<br>
//fintechmagazine.com/articles/revolut-hits-us-45bn-valuation-after-share-sale#:<br>
~:<br>
text=Revolut%20Reaches%20US%2445bn,Employee%20Share%20Sale%20%7C%20FinTech%20Magazine"> employee share sale transaction </a> , Revolut was valued at USD 45 billion in August 2024 .</p>

Revolut secures UK trading licence for standalone operations

<div>
 <p>The BNPL provider from Sweden, Klarna, has submitted IPO documents to the Securities and Exchange Commission (SEC). The commencement of the IPO offering is pending on the SEC's review and the prevailing market conditions.</p>
 <p>The present valuation of the company lies at approximately USD 15 billion, a significant drop from the USD 46 billion valuation it achieved during the pandemic period.</p>
</div>

Klarna files confidentially for US IPO

<div>
 <p>Sunbit, a Buy Now Pay Later (BNPL) provider, has managed to secure a funding of USD 355 million through a debt warehouse facility. The funding event saw participation from JP Morgan, Mizuho Bank Ltd, and Waterfall Asset Management.</p>
 <p>The raised funds will be utilized to increase the customer base of Sunbit and to enhance their financial technology solutions.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> This marks the company's second debt facility in 2024, following its <a href="https:<br>
//sp-edge.com/updates/26115"> USD 310 million </a> facility secured in January to expand product reach and support growing demand for its BNPL offering and the zero-fee Sunbit Card.</p>

Sunbit secures USD 355 million in debt financing to expand solutions and customer base

<div>
 <p>A BNPL platform, Affirm, has launched its services in the UK in collaboration with Alternative Airlines and Fexco and intends to partner with more UK and international brands. The UK team will be led by Ruth Spratt and comprises approximately 30 employees.</p>
 <p>Affirm aims to set itself apart in the UK market by providing fixed interest rates without compound interest, and not levying late fees or hidden charges, a practice its competitor Klarna uses.</p>
</div> <p><b>Analyst Quicktake:<br>
 </b> Affirm’s expansion to the UK adds to its presence in North America. Moreover, this company joins Mondu, which recently <a href="https:<br>
//sp-edge.com/updates/33498"> expanded its operations in Europe </a> after receiving an Electronic Money Institution (EMI) license.&nbsp;</p>

Affirm expands to UK market; partners with Alternative Airlines and Fexco

<div>
 <p>Melio, a platform that facilitates domestic and international payments for small businesses, has obtained an additional USD 150 million in Series E funding. This funding round was led by Fiserv, with contributions from a number of other investors, including Shopify Ventures, Capital One Ventures, Accel, Bessemer, Coatue, Frontline Ventures, General Catalyst, Latitude, and Thrive Capital.</p>
 <p>This latest investment round takes Melio’s total funding to date to USD 654 million, and increases the company’s valuation to USD 2 billion.</p>
 <p>The newly acquired funds will be utilized to drive growth through the formation of strategic partnerships.</p>

</div>

Melio raises USD 150 million in Series E funding for growth

<div>
 <p>Zilch, a UK-based BNPL (Buy Now Pay Later) provider, has broadened its securitization facility by an additional GBP 50 million (approx. USD 65 million) in a debt funding round. This round was organized by Deutsche Bank and saw the contribution of two notable global credit funds. This funding is an extension to the GBP 100 million (or around USD 125 million) debt financing that Zilch had previously secured in <a href="https://sp-edge.com/updates/30636"> June 2024 </a> .</p>
 <p>Zilch intends to use this financial boost to bolster its growth and support its yearly commerce of GBP 10 billion (roughly USD 13 billion).</p>
</div>

Zilch raises additional GBP 50 million in debt funding from Deutsche Bank

PROMINENT_CATEGORY

<div>
 <p>Marqeta, a platform for embedded finance solutions, has launched a new Buy Now Pay Later (BNPL) solution, Marqeta Flex, in partnership with Klarna, Affirm, and Branch. Marqeta Flex can be incorporated into payment apps and wallets for consumer convenience. It offers personalized BNPL experiences by directing users to bespoke options within their payment apps and allowing card issuers to add multiple BNPL services.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> Marqeta is strategically expanding into the BNPL sector to diversify its payment technology offerings and operations. The company is also active in the FinTech infrastructure and business expense management industries.</p>

Marqeta launches Marqeta Flex with Klarna, Affirm, and Branch

<div>
 
 <p>Sezzle, a Buy Now Pay Later (BNPL) solution provider has formed a partnership with Shoplazza, an ecommerce platform. This move aims to bring Sezzle's BNPL payment options to US-based merchants utilizing Shoplazza.</p>
 <p>Through the partnership, Shoplazza's US merchants can offer their customers the flexibility of Sezzle's payment plans – Pay in four and Pay in two loans. These are pay-later facilities that allow customers to make four or two interest-free installment payments, provided by WebBank.</p>
 
</div>

Sezzle partners with Shoplazza to enable BNPL payment options for US merchants

<div>
 <p>The UK Government has started a consultation regarding new rules for buy now, pay later (BNPL) goods. The aim is to implement these regulatory changes by 2026. These proposed rules are designed to regulate BNPL firms under the Financial Conduct Authority (FCA) and to enact the Consumer Credit Act.</p>
 <p>BNPL firms will have to conduct affordability checks prior to providing loans, according to the new regulation. They will also be required to provide clear details about loan contracts and grant customers access to Section 75 protections and the Financial Ombudsman Service for complaints.</p>
 <p>The consultation will end on November 29, and the definitive legislation is anticipated to be presented in Parliament at the start of 2025.</p>
</div>

All Updates

Atome Financial raises USD 200 million in credit facility from HSBC

Revolut secures UK trading licence for standalone operations

Klarna files confidentially for US IPO

Sunbit secures USD 355 million in debt financing to expand solutions and customer base

Affirm expands to UK market; partners with Alternative Airlines and Fexco

Melio raises USD 150 million in Series E funding for growth

Zilch raises additional GBP 50 million in debt funding from Deutsche Bank

Marqeta launches Marqeta Flex with Klarna, Affirm, and Branch

Sezzle partners with Shoplazza to enable BNPL payment options for US merchants

UK to regulate BNPL offerings by 2026

Buy Now, Pay Later

Atome Financial raises USD 200 million in credit facility from HSBC

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