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Manila Bulletin devider Business devider Banking & Finance devider Lending Ark injects $75 million into Atome to boost credit access in Philippines

Lending Ark injects $75 million into Atome to boost credit access in Philippines

Published Jun 9, 2025 02:47 pm

Atome, a buy-now-pay-later provider operating in Southeast Asia, has secured a $75 million asset-backed financing deal from investment firm Lending Ark, supporting its push to expand financial access in the Philippines.

The Lending Ark Asia provided the financing for a secured private debt fund, which is advised by CITIC Securities and CLSA Capital Partners (HK) Limited.

Atome said in a statement released on Monday, June 9, that this will support the fintech company’s goal of improving the Filipinos’ access to risk-managed, responsible, and sustainable credit products.

Lending Ark, a leading player in asset-backed credit investments in Asia, has invested $1 billion across the region.

In the Philippines, it has helped develop innovative asset-backed financing solutions, alongside similar efforts in markets like Hong Kong, South Korea, and Indonesia.

Carol Lee Park, managing director of Lending Ark, said Atome has established itself as a top fintech player in Southeast Asia, backed by its strong credit risk management, responsible lending practices, and focus on empowering consumers.

“We’re excited to support Atome in the Philippines, a high-growth market with increasing demand for accessible, affordable credit and mobile-first financial solutions,” Park said.

Andy Tan, Atome CEO, said the Philippines is a key growth market, and the new financing highlights strong confidence in its ability to provide inclusive, well-managed credit solutions at scale.

“We’re grateful for their trust as we deepen our reach and empower more Filipinos with the tools to manage their finances responsibly,” Tan said.

Last year, Atome Financial—the digital wallet arm of Advance Intelligence Group that includes Atome and Kredit Pintar—achieved full-year profitability. This was driven by a 45-percent year-on-year revenue increase to $280 million and a 35-percent rise in gross merchandise value to $2.5 billion.

The company also improved its product portfolio profitability and boosted operational efficiency by using generative AI in areas such as customer service, collections, and product sales.

Related Tags

Atome Lending Ark Lending Ark Asia CITIC Securities CLSA Capital Partners (HK) Limited
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