Grab agrees to acquire a 60% stake in Singapore-based BNPL platform Atome from Advance Intelligence Group and others for $1.49B; Atome had $470M in 2025 revenue
Grab Holdings Ltd. agreed to buy a majority stake in Singapore-based buy-now-pay-later platform Atome Financial for $1.49 billion …
Context & Ripple Effects
Atome entered the market's view with a $400 million Series D led by SoftBank Vision Fund 2 in 2021, when its owner Advance Intelligence was valued at $2 billion. Reports five days ago that Grab was negotiating a majority purchase have become a signed transaction.
The deal extends Grab's acquisition-led push into financial services after its agreement to acquire U.S. fintech Stash Financial in February. Atome reported $470 million in 2025 revenue, giving the purchase a material operating business rather than only a lending product proposition.
First-order effects
- Grab gains a controlling 60% interest in Atome Financial for $1.49 billion, placing the BNPL and digital-lending platform under its control.
- Advance Intelligence Group and the other sellers convert a majority holding in Atome into cash while retaining the minority stake not being acquired.
Second-order effects
- Grab adds Atome's BNPL and lending operation to an acquisition program that already includes Stash Financial, making financial services a more prominent part of its dealmaking portfolio.
- Atome's remaining minority owners will operate alongside a controlling shareholder whose priorities and capital allocation will shape the platform's next phase.
Third-order effects
- If Grab continues using acquisitions to assemble financial-service assets, Southeast Asian platform expansion may rely more on buying established specialists than on building each product internally.
- The transaction points to a more consolidated BNPL market structure, in which independent lending platforms become potential acquisition targets for larger consumer platforms.
The trend: Consumer platforms are using acquisitions to bring regulated financial products and established revenue bases inside broader ecosystems.