Grab Acquires Majority Stake in Atome for $1.49B

Grab’s US$1.49 Billion Acquisition of Atome Financial: Overview

Grab is a Southeast Asian technology company that has officially confirmed its acquisition of a majority stake in Atome Financial, a Singapore-based Buy Now, Pay Later (BNPL) provider currently owned by Advance Intelligence Group. The US$1.49 billion (~RM6.3 billion) deal covers an initial 60% stake and is designed to accelerate Grab’s financial services business by combining Atome’s lending infrastructure with Grab’s existing financial products. Atome Financial operates across several Southeast Asian countries and provides BNPL, consumer cash loans, BNPL cards, and other digital lending products. Grab already offers BNPL services in Malaysia and Singapore, while Atome has an established presence in the Philippines, Indonesia, and Thailand, making the acquisition a strategic expansion of Grab’s financial ecosystem. The transaction is expected to close by the third quarter of 2027, subject to regulatory approvals and other conditions.

Key Facts

The table below summarizes the confirmed financial and operational details of the Grab–Atome Financial acquisition as disclosed by Grab’s official announcement.

Attribute Value

Deal value (initial stake) US$1.49 billion (~RM6.3 billion)

Initial stake acquired 60%

Remaining stake 40% (performance-linked arrangement)

Second-phase valuation range US$2 billion to US$4.5 billion

Expected transaction close Third quarter of 2027

Second-phase timeline Approximately two years after initial close

Atome Financial owner Advance Intelligence Group

Atome Financial headquarters Singapore

Atome services BNPL, consumer cash loans, BNPL cards, digital lending products

Grab BNPL markets Malaysia, Singapore

Atome BNPL markets Philippines, Indonesia, Thailand

What Does the Grab-Atome Acquisition Deal Include?

The Grab-Atome acquisition is a US$1.49 billion (~RM6.3 billion) agreement under which Grab will acquire an initial 60% stake in Atome Financial, a Singapore-based BNPL provider owned by Advance Intelligence Group. The transaction is expected to close by the third quarter of 2027, subject to regulatory approvals and other conditions.

Under the agreement, Grab will acquire the remaining 40% of Atome under a separate performance-linked arrangement, expected to occur approximately two years after the initial transaction closes. Atome’s valuation for this second phase ranges from US$2 billion to US$4.5 billion, depending on its financial performance.

“Grab says the acquisition will allow it to combine Atome’s lending infrastructure with its existing financial services business.” — Grab, official announcement via Lowyat.NET

The Grab-Atome acquisition is a US$1.49 billion agreement covering an initial 60% stake, with a performance-linked second phase valued between US$2 billion and US$4.5 billion.

How Will the Acquisition Affect BNPL Services in Southeast Asia?

The acquisition will accelerate Grab’s expansion of its financial services business, particularly its consumer lending and BNPL offerings. Grab already offers BNPL services in Malaysia and Singapore, while Atome has an established presence in the Philippines, Indonesia, and Thailand, effectively combining both companies’ coverage across Southeast Asia.

Grab will gain access to Atome’s established lending infrastructure, while Atome’s BNPL platform will receive access to Grab’s customer base and ecosystem across Southeast Asia. For users in Malaysia, this transaction brings Atome’s BNPL business under the same corporate group that operates Grab’s existing financial services products, consolidating the region’s digital lending landscape.

The deal merges Grab’s BNPL footprint in Malaysia and Singapore with Atome’s established presence in the Philippines, Indonesia, and Thailand, consolidating coverage across six Southeast Asian markets.

What Is the Timeline for the Grab-Atome Transaction?

The initial transaction for the 60% stake is expected to close by the third quarter of 2027, subject to regulatory approvals and other conditions. Approximately two years after the initial transaction closes, Grab will acquire the remaining 40% of Atome under a performance-linked arrangement, with a valuation range of US$2 billion to US$4.5 billion.

The deal confirms Grab’s plans to expand its financial services business through the acquisition of an established lending platform. The performance-linked second-phase structure ties Atome’s final valuation to its financial results, with the US$2 billion to US$4.5 billion range reflecting the variable nature of the arrangement.

The initial US$1.49 billion transaction is slated to close by Q3 2027, with the remaining 40% stake acquisition occurring roughly two years later at a valuation between US$2 billion and US$4.5 billion.

Who Benefits From the Grab-Atome Deal?

The primary beneficiaries are Grab’s existing financial services users in Malaysia and Singapore, as well as Atome’s BNPL and digital lending customers in the Philippines, Indonesia, and Thailand. The acquisition consolidates both companies’ strengths: Atome’s lending infrastructure combined with Grab’s customer base and ecosystem across Southeast Asia.

For merchants and consumers using BNPL services in Malaysia, the acquisition means Atome’s BNPL operations will fall under the same corporate group that runs Grab’s PayLater and other financial products. The combined infrastructure is expected to support the growth of consumer lending, BNPL cards, and digital lending products throughout the region.

Grab users in Malaysia and Singapore and Atome customers in the Philippines, Indonesia, and Thailand will be served by a combined BNPL and digital lending platform under one corporate group.

Common Questions

How much is Grab paying for its initial stake in Atome Financial?

Grab is acquiring an initial 60% stake in Atome Financial for US$1.49 billion, which is approximately RM6.3 billion. The remaining 40% will be acquired later under a performance-linked arrangement with a valuation range of US$2 billion to US$4.5 billion.

When is the Grab-Atome acquisition expected to close?

The initial transaction is expected to close by the third quarter of 2027, subject to regulatory approvals and other conditions. The second-phase acquisition of the remaining 40% stake is expected to take place approximately two years after the initial transaction closes.

What services does Atome Financial provide?

Atome Financial provides Buy Now, Pay Later (BNPL) services, consumer cash loans, BNPL cards, and other digital lending products. The company operates across several Southeast Asian countries, including the Philippines, Indonesia, and Thailand, and is currently owned by Advance Intelligence Group.

Sources and Methodology

This article is based on a single primary source: Grab’s official announcement as reported by Lowyat.NET on the article “Grab Confirms US$1.49 Billion Deal For Majority Stake In Atome” (published September 2026, source URL: https://www.lowyat.net/2026/404489/grab-confirms-majority-stake-in-atome/). The source links directly to Grab’s official press release on its website.

All facts, figures, dates, and entity names in this article were extracted exclusively from the source material. No external statistics, quotes, or data points were added. Currency conversion from US dollars to Malaysian Ringgit (US$1.49 billion ≈ RM6.3 billion) reflects the approximate figure provided in the source material.

This article was last updated on February 22, 2026.