Standard Chartered to give $500 million to Atome in buy now, pay later push

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FILE PHOTO: People walk outside the main branch of Standard Chartered in Hong Kong
FILE PHOTO: People walk outside the main branch of Standard Chartered in Hong Kong, China August 1, 2017. REUTERS/Bobby Yip

October 13, 2021

(Reuters) – Standard Chartered Plc said on Wednesday it would provide $500 million in financing to help Singapore-based fintech Atome expand its buy now, pay later services in parts of Southeast Asia.

The bank said it had also picked up a strategic stake in Atome, the consumer unit of Singapore-based Advance Intelligence Group, adding that it was one of its largest strategic investments in a fintech to date.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Ramakrishnan M.)






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