All Updates

All Updates

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Funding
Atome secures debt facility up to USD 100 million to support growth and expand product offerings
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Jun 25, 2024
Older updates:
M&A
Klarna sells Klarna Checkout for USD 520 million to eliminate conflicts
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Jun 24, 2024
Funding
Gynger raises USD 20 million in Series A funding to scale embedded BNPL platform
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Jun 20, 2024
Funding
Zilch raises GBP 100 million in debt financing to support expansion plans
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Jun 19, 2024
Management news
Laybuy issues receivership notice due to financial pressure and economic challenges
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Jun 18, 2024
Funding
Financeit secures up to CAD 500 million via securitization facility to support growth
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Jun 17, 2024
Product updates
Apple announces Apple Pay Later shutdown
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Jun 17, 2024
Partnerships
Affirm collaborates with Apple to expand product reach
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Jun 11, 2024
Product updates
Affirm expands BNPL offerings with Pay in 2 and Pay in 30 options
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Jun 6, 2024
Regulation/policy
Australian Government introduces consumer protection laws on BNPL offerings
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Jun 5, 2024
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Jun 25, 2024

Atome secures debt facility up to USD 100 million to support growth and expand product offerings

Funding

  • Singapore-based Atome, a flexible embedded payment solution provider, has secured a three-year loan facility from EvolutionX Debt Capital and is concurrently working with a group of investors to secure additional funding of up to USD 100 million using the loan's incremental feature. Atome's total funding now stands at USD 876 million.

  • The funding will support the expansion of Atome's credit portfolio and the launch of new products such as savings, insurance, lending, and the Atome Card in markets including Singapore, Malaysia, the Philippines, and Indonesia.

  • Analyst QuickTake: Today’s news on securing an incremental debt facility to support product expansion builds on Atome’s ongoing diversification efforts as it extends its product offerings to provide services, such as insurance, flexible payment cards, and investments after securing USD 31 million through an internal share conversion this January.

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