Reported 8 months ago
Singapore-based Atome Financial has announced securing a debt facility of up to $100 million, including from EvolutionX, to expand its services in Southeast Asia. The company is collaborating with a group of investors to maximize the three-year term loan facility, supporting the launch of new products like savings, insurance, and the Atome Card in countries like Singapore, Malaysia, the Philippines, and Indonesia. EvolutionX, a debt financing platform jointly established by DBS and Temasek, is part of the syndicate providing funding. This investment marks EvolutionX's first fintech venture in Southeast Asia, aiming to enhance financial inclusion and access to mobile financial services in underserved markets in the region.
Source: YAHOO