Grab to buy 60% stake in Atome Financial for $1.49bn

M&A · Partnership Impact 4
โดย Retail Banker International·SGASEAN·Read original
Summary · why it matters

Grab has signed definitive agreements with Atome Financial, Advance Intelligence Group and other parties to acquire a controlling 60% stake in Atome Financial for $1.49bn in cash. The deal would fold Atome Financial's buy now, pay later loans, consumer cash loans, BNPL cards and digital lending into Grab's financial services unit, which spans payments, digital banks, partner lending, insurance and consumer lending. Atome Financial operates in Singapore, Malaysia, the Philippines, Indonesia and Thailand and has 25 million cumulative transacted users, while Grab reaches nearly 54 million Monthly Transacting Users and Atome Financial's network covers more than 30,000 brands. Grab said the $1.49 billion cash consideration includes $0.26bn in primary growth capital as Phase 1, and the transaction is due to close by the third quarter of 2027, subject to regulatory approvals and other customary closing conditions. After completion, Grab will consolidate Atome Financial into its Financial Services segment, with Atome Financial's management team remaining in place to oversee the business.

Impact on stocks 1

Digital Finance & Tokenization▲ · 1 stocks
Grab Holdings Ltd
GRAB
▲ PositiveCapitalrelevance

Grab signs definitive agreements to acquire a controlling 60% stake in Atome Financial for $1.49bn in cash, folding its BNPL and digital lending into Grab's Financial Services segment.

Theme Impact 2

Off-coverage companies 1

Advance Intelligence GroupPrivate± Mixed
Capitalrelevance

Advance Intelligence Group is a party to the agreements selling a controlling 60% stake in Atome Financial to Grab, but the article does not specify its exact role or proceeds.

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