Atome secures $75M to expand credit in Philippines

Fintech firm Atome secured $75 million in new funding, enabling it to expand its credit offerings to Filipino consumers. The buy-now-pay-later platform received the funding from Hong Kong-based Lending Ark, which will support Atome's expansion plans in the Philippines. Atome offers cash loans up to P50,000 with repayment terms up to 12 months. This funding follows previous rounds, including an $80 million private credit fund in February. Atome's revenue grew 45% last year, reflecting the growing popularity of BNPL services.