SINGAPORE, Feb 12 (Reuters) - Singapore-based financial
technology firm Atome Financial said on Wednesday it had secured
a private credit fund managed by asset manager BlackRock ( BLK )
and venture debt provider InnoVen Capital in a $80 million
private credit facility.
Atome Financial first announced the three-year senior term
loan facility including from EvolutionX, a debt financier
jointly set up by Singaporean bank DBS and the
country's state investor Temasek, in June last year.
The facility will help grow the company's products,
partnerships and regional portfolio in Southeast Asia markets
including Singapore, Malaysia, the Philippines and Indonesia,
Andy Tan, Atome Financial's Chief Commercial Officer, said in a
statement.
Atome Financial's businesses include digital financial
services across Southeast Asia.
It added in the statement that it had achieved full-year
profitability in 2024, including revenue growth of 45%
year-on-year to $280 million, and expected the positive momentum
to continue into 2025.