Atome Financial Seals $100 Million Credit Facility; Arbor Ventures partners with Tokio Marine

Atome Financial entered into a $100 million loan facility with HSBC Singapore, while Arbor Ventures has partnered with Tokio Marine to drive digitalization in the insurance industry.

Atom Financial, HSBC Singapore ink $100 million in debt ease

Atome Financial and HSBC Singapore have sealed a $100 million credit facility to support the premier’s payment business in Asia. Atome Financial comprises two brands – buy now, pay later (BNPL) platform Atome and Indonesian digital lending platform Kredit Pintar.

Atome works with over 15,000 retail partners across 10 markets in Asia, providing flexible payment options to consumers. It partners with global brands such as Sephora, Zara, H&M, Nike, Zalora and Lazada. The company recently expanded into Japan, its 10th market.

Meanwhile, Kredit Pintar has had over 20 million downloads, offering financial services, especially for underbanked and unbanked consumers.

Atome Financial is a subsidiary of Advance Intelligence Group, which raised $400 million in a Series D funding round last September, bringing the company’s valuation to $2 billion. Investors who participated in the round included SoftBank Vision Fund 2, Warburg Pincus, Northstar and Singapore-based global investor EDBI.

Arbor Ventures partners with Tokio Marine

Singapore-headquartered venture capital (VC) firm Arbor Ventures has partnered with Tokio Marine, a global insurance group headquartered in Tokyo, to accelerate the digital transformation of the global marine industry. ‘insurance.

In addition to its own CVC fund, Tokio Marine will partner with Arbor and other VCs to information and access to promising startups driving the digital transformation of insurance.

Founded in 1879, Tokio Marine is the first insurance company in Japan. It now offers a wide selection of general and life insurance products in 46 countries and regions. In April, Tokio Marine Holdings launched a corporate venture capital fund called Tokio Marine Future Fund to invest in early stage startups.

Arbor focuses on fintech and insurtech with offices in Singapore, the United States and Japan. It is also present in Europe, the Middle East and North Africa. Some of Arbor’s notable holding companies are Grab, Akulaku, and 2C2P.

“Arbor’s goal of creating the future of fintech resonates with Tokyo Marinedigital strategy,” said Masashi Namatame, Group Chief Digital Officer at Tokio Marine Holdings. Arbor The network and astute search of startups in the fintech space will greatly complement Tokio Marine’s collaborative efforts to deliver innovative products and services in the insurance industry and beyond, he added.


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John A. Bogar