Grab to acquire majority of Atome Financial in $1.49 billion deal
Grab announced it will purchase a 60% stake in Singapore-based Atome Financial for US$1.49 billion, with an option to buy the remaining shares later.
Grab disclosed plans to acquire an initial 60% stake in Atome Financial for US$1.49 billion, integrating Atome’s BNPL loans, consumer cash loans, BNPL cards and digital lending with its own financial services. The deal includes a performance-linked clause that allows Grab to purchase the remaining 40% within about two years, capping the total valuation at US$4.5 billion and setting a floor of US$2 billion. The transaction is slated to close by Q3 2027.
Grab’s CFO Peter Oey said the combined entity should deliver US$500 million of adjusted EBITDA by 2028, with a gross loan portfolio exceeding US$6 billion. The acquisition is part of Grab’s broader push into Southeast Asian consumer lending and raises its 2028 adjusted EBITDA goal to US$1.7 billion, with revenue growth projected above 30% from 2025 to 2028.
Why it matters
The deal expands Grab’s financial services footprint, signaling deeper competition in Southeast Asia’s fast-growing consumer-lending market.
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