This financing is provided by Lending Ark Asia Secured Private Equity Credit Fund, with CITIC Lyon Capital (Hong Kong) Co., Ltd. serving as an advisor. The funds will be used for inclusive credit projects in the Philippine market, covering risk-controlled, responsible and sustainable consumer finance services.

According to Advance Intelligence Group, Singaporean artificial intelligence technology company, Atome's parent group, Singaporean artificial intelligence technology company, Atome achieved full-year profits in fiscal 2024, with annual revenue increasing by 45% to US$280 million, and total commodity transactions (GMV) increased by 35% to US$2.5 billion, and improved operational efficiency such as customer service, collection and sales through generative artificial intelligence.

Atome said that the financing reflects that the market is confident that the company will expand the scale of risk-controlled credit in the Philippines.

Lending Ark is Asia's leading asset-secured credit investment institution, and has deployed more than US$1 billion in many countries and regions in the Asia-Pacific region, including the Philippines, Hong Kong, South Korea, Indonesia, Australia and New Zealand.

Singapore-based buy now pay later (BNPL) service provider Atome Financial announced that it has received US$75 million (S$96.5 million) in asset financing to expand credit services in the Philippines.

Lending Ark said Atome has firmly established its leading position in Southeast Asia's financial technology sector with its unique advantages in credit risk management, responsible lending and consumer empowerment.