Singapore-based financial technology firm Atome Financial announced on Wednesday that it had secured an $80 million private credit facility from asset manager BlackRock and venture debt provider InnoVen Capital. The financing includes a three-year senior term loan facility from EvolutionX, a collaboration between Singaporean bank DBS and the country's state investor Temasek, obtained in June last year.
Andy Tan, the Chief Commercial Officer of Atome Financial, stated that the facility will support the company's expansion of products, partnerships, and regional portfolio in Southeast Asian markets, such as Singapore, Malaysia, the Philippines, and Indonesia. Atome Financial specializes in digital financial services across Southeast Asia.
The company reported achieving full-year profitability in 2024, with a 45% year-on-year revenue growth totaling $280 million and anticipates sustaining this positive trajectory into 2025.