Atome

🎉🎉 Very excited to announce the completion of an up-to-US$200M syndicated facility to further support #financialinclusion in Southeast Asia and the rapid growth of our regional portfolio. 🎉🎉 This new facility, led and arranged by Hongkong and Shanghai Banking Corporation (HSBC) through its #ASEANGrowthFund, is also supported by DBS Bank, Sumitomo Mitsui Banking Corporation – SMBC Group Singapore branch and Brunei’s Baiduri Bank Group. The new facility builds on our existing partnership with HSBC and will support the expansion of Atome's lending products and “Pay Later Anywhere” #AtomeCard across key Southeast Asian markets. “We are pleased to deepen our support to lead this syndicated facility, along with other lenders. Through this support, Atome Financial will bring about greater financial inclusion by extending access to #affordable and #responsible #personalfinance solutions to more consumers from across Southeast Asia,” said Priya Kini, head of commercial banking, HSBC Singapore. “As a fast-growing startup with a rapidly growing and profitable business, we are deeply appreciative of this syndicated facility, which underscores the banking community’s trust and confidence in us,” said Andy Tan, Chief Commercial Officer at Atome Financial. “We look forward to HSBC, and our other partners, continuing to support our capital needs and launch of new and innovative personal finance products in key markets like hashtag #Singapore, #Malaysia and the #Philippines.” For more: https://lnkd.in/gjJTtvW6

Proud to have contributed to the latest Fintech in ASEAN 2024 Report by Singapore FinTech Association (SFA), UOB and PwC. Key findings: 💰 Funding for #fintech in ASEAN has surged more than 10 times since 2015. #Singapore and #Thailand leads the lion’s share in investments, fuelling growth in sectors such as #payments and #alternativelending. 🇸🇬 Singapore topped the number of deals at 62 across nine FinTech categories. It is home to six out of 16 #unicorn firms across the ASEAN region 🦄 Notable unicorns include "Advance Intelligence Group – the parent company of artificial-intelligence, financial-service platform Atome – and cross-border payments firm Nium". 🤖 #GenAI and #quantumcomputing have received significant investor interestin the first 9 months of 2024, and both have the potential to significantly reshape the financial ecosystem. Full report: https://lnkd.in/gFazCje5 #FintechinASEAN2024 #fintech #SFF2024 #ASEAN #funding

Earlier this month, Atome Singapore played a small part in supporting Credit Counselling Singapore's mission during their 20th anniversary fundraising luncheon attended by guest of honour and President of Singapore Tharman Shanmugaratnam. Credit Counselling Singapore is a leading non-profit charity that assists debt-distressed individuals build financial capability and become #financiallyresilient. It also conducts programmes and helps corporates and public organisations in ensuring staff financial well being and helping workers become financially self-reliant in their #retirement years. Very grateful our invited banking and commercial partners also came down to support the CCS cause with their precious time and donations. Ze Hui Goh Shaun Sakhrani, CFA Jessica Wu Eunice Yue Siraj Khaja Adrian Too Leanne L. Andy Tan Bryan Quek Keng H. #debteducation #credit #financialeducation #responsiblefinancing #AtomeSingapore

Earlier this month, 85 members from our #AtomePhilippines and #AtomeSingapore Collections team came together for a team building offsite in Talisay Batangas, Philippines to foster better collaboration, communication, and #teamwork. Our Collections teams form an important, last line of defence in ensuring and conducting a dignified collections and service recovery process from customers who are overdue. During the offsite, we recognised their critical work and contributions, as well as awarded high performers - and most importantly, strengthened team bonding through interactive, fun and engaging activities. #AtomeCollections #teambuilding #oneadvance

Over the recent weekend, Atome #Indonesia proudly participated in the 8th Multifinance Day 2024, held in Pontianak, West Kalimantan as part of our commitment to expanding #inclusive financing access and enhancing #financialliteracy in Indonesia, particularly in the Pontianak area. Organized by the Indonesian Financial Services Association (Asosiasi Perusahaan Pembiayaan Indonesia), MultiFinance Day 2024 allowed Atome Indonesia to showcase its range of innovative financing solutions, including Paylater services available at over 800 merchants, both online and offline, as well as through #ecommerce platforms such as Tokopedia and Lazada. Through these products, Atome is committed to providing financial solutions that are easily accessible, fast, and secure to support the daily financial needs of Indonesians. Suwandi wiratno, Chairman of Asosiasi Perusahaan Pembiayaan Indonesia (APPI) sees this event as a significant opportunity to raise public awareness of the financing options available. “A total of 31 financial companies participated in this event, providing a wide range of choices for those who want to understand financing services better. It is important to know who you are borrowing from and to ensure that the company chosen is trustworthy,” Suwandi stated, emphasizing the importance of #financialeducation and #responsiblefinancing. President Director of PT Atome Finance Indonesia, Meri Ui, stated "Our participation in this event is part of our commitment to providing valuable financial education and bringing our services closer to the community. We are pleased to see the high enthusiasm from visitors, with consistent high booth traffic over the 3-day event. This proves that the public is increasingly interested in learning about affordable, risk-managed and responsible financing solutions." #MultiFinanceDay #AtomeIndonesia #financialinclusion

Our Atome #Indonesia office recently hosted 40+ students from University of Technology Sydney (UTS) at our office in #Jakarta! We had the opportunity to share insights into our company’s journey and how our innovative #AI technology is tackling the challenge of #financialinclusion through #riskmanaged credit and #responsiblefinancing in emerging markets like #Indonesia. The energy during the Q&A session was palpable, as the students eagerly learned more around #fintech, #finance and #technology. A big thank you to UTS for visiting us! #education #studentvisit #fintech #startup

Honoured and humbled that our #AI #riskmanagement technology and #ESG impact across the region has been recognised. In the #Philippines, where credit card penetration remains in the low single digits, the majority of the Filipino #underbanked population still lack access to affordable, #riskmanaged credit and basic financial services. That's why we are seeing very health organic adoption and daily engagement of the #Atome #PaylaterAnywhereCard, with top daily use cases being #utility and #phone bills, #groceries and #ecommerce purchases. Stay tuned as we expand the rollout of the #AtomePHCard and other products in the #Philippines. 🇵🇭 #NextGenTech30 #AI #fintech #ESG #financialinclusion #riskmanagement

Honoured that our cutting edge #AI and #riskmanagement technology has been recognised in improving #financialinclusion and access to risk-managed #credit and #responsiblefinancing in #SoutheastAsia. #NextGenTech30 In a market like #Indonesia, where #identityrisk and #creditrisk pose challenges in traditional credit assessment especially for the #underbanked, we use #AI to control and manage risk across the consumer lending life cycle. President Director of Kredit Pintar@, Ronny Andi Kasim, CFA Kasim, said, "This award highlights, among others, both our innovative use of AI technology in our risk management strategy as well as the clear impact we are driving in our mission of providing consumers with easier, simpler, and more affordable access to digital-first financial services in Indonesia. We will also continue to prioritise #financialliteracy through our nationwide #PintarBersama programme." President Director of Atome Finance Indonesia, Meri Ui, said, "This award is a recognition of how we are driving technological innovation and digital economy transformation in Indonesia. Careful, disciplined and AI-based #riskmanagement and #underwriting technology is the cornerstone of a healthy and sustainable #buynowpaylater business. We use AI at every stage of a transaction to verify identity risk, credit risk and well as transaction level risk, and we are honoured that this expertise has been recognised by such a prestigious list of industry players." #AI #AtomeIndonesia #KreditPintar #Indonesia #fintech #lending

Humbled and honoured that our parent group Advance Intelligence Group has been recognised in this inaugural list involving government and private organisations such as Singapore's Singapore Economic Development Board (EDB) ,the InfoComm Media Development Authority (IMDA) , DBS Bank and Granite Asia, Northstar Group and KKR. Honourees were evaluated among others, on their innovative use of #AI, business growth as well as a clear #ESG strategy. What many might not know is that careful, disciplined and AI-based #riskmanagement and #underwriting technology is the cornerstone of healthy and sustainable #embeddedfinancing business. We use cutting edge AI at every stage of a #buynowpaylater transaction to verify #KYC, #identityrisk, #creditrisk and #transaction level risk. We also deploy #AI across credit underwriting modelling, #collections and #customerservice. Through our digital consumer financing products under Atome Financial, we have served 40M customers, majority of whom reside in Indonesia, Philippines and Malaysia and typically lack access to affordable, #riskmanaged #credit and #responsiblefinancing. This also graduates them to build a credit history and on-ramp to traditional financial products and services. Congratulations to our fellow honourees who also made the list! The future of Southeast Asia's #digitaleconomy is indeed bright thanks to the combined efforts of all honourees. Onwards. 🚀🚀🚀 For more: https://lnkd.in/gvsXnKZm #NextGenTech30 #startups #AI #riskmanagement #AdvanceIntelligenceGroup #ESG

With credit card penetration still in very low single digits in the #Philippines, the availability of #affordablecredit, especially among the underbanked segments and GenZ/millennials, remains challenging. That's why we remain very bullish about the potential of #BNPL and the #AtomePayLaterAnywhereCard in the Philippines. The “popularity” of BNPL to the young consumers can be traced to their experiences of life “firsts” such as managing their first job, child, home, among others and may need a way to manage monthly budgets with their salary. 💰🍼🏠🔑 But at the same time, the younger generation do not also want to miss out on life experiences such as #travel, #electronics and #ecommerce purchases, among others. 🌏 ✈️ 📱 The key challenge is to provide affordable credit in a careful, risk-managed, and fiscally prudent way, from both a consumer and lender’s perspective. Atome also underscored the difference of BNPL models from traditional credit cards. 🛡️💳 “For BNPL, the moment a user is late with payments, we suspend the account, whereas in credit cards, you can pay minimal sum and continue using the card and get charged high interest on outstanding balance,” Atome said. This approach prevents the user from accumulating large debts and limits credit exposure. Stay tuned as we continue to expand the rollout of the #AtomeCard as well as expand into #microlending, #insurance and broader #financialservices in the #Philippines. 🇵🇭 #AtomeCard #partnerships #financialservices #AtomePhilippines