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Atome Financial secures BlackRock, InnoVen in $80 million credit facility
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Atome Financial secures BlackRock, InnoVen in $80 million credit facility
Feb 11, 2025 5:25 PM

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.

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