Grab was reportedly in talks to join a funding round for Atome Financial, according to media reports, in a move that aligned with Grab's aim to deepen its exposure to buy now, pay later and consumer lending across Southeast Asia.
DEAL DETAILS AND REPORTS
DealStreetAsia reported that the funding round could raise more than US$100 million, citing people familiar with the matter, and Fintech News Singapore carried the report. The structure had not been finalised and the round may proceed in tranches, according to the reports.
Atome Financial is part of Singapore-based Advance Intelligence Group and operates BNPL platform Atome and Indonesian digital lender Kredit Pintar.
GRAB'S LENDING PUSH
The talks came as Grab grows its lending and banking operations across consumers, merchants, drivers and SMEs.
Grab's financial services segment remains loss-making: in the first quarter of 2026 it recorded an adjusted EBITDA loss of US$17 million, while its gross loan portfolio reached US$1.44 billion, up from US$625 million a year earlier. Grab expects the unit to break even in the second half of 2026.
Grab has also expanded through deals: GXS Bank completed its acquisition of Validus Capital, the Singapore business of SME lender Validus Group, in April 2025, and Grab agreed in February 2026 to acquire US-based digital investing platform Stash Financial.
Advance Intelligence Group last raised US$80 million in May 2023 from investors led by Warburg Pincus and Northstar Group, bringing its total funding to more than US$700 million.
Sources: Fintech News Singapore