Atome Financial has extended its $100-million debt facility partnership with HSBC Singapore to encompass the Philippine market, aiming to launch new consumer financing products.
HSBC Singapore, serving as the sole structuring bank, lender, facility agent, and security agent for the debt facility, will support Atome Financial’s expansion plans, particularly in the Philippines, a strategic market for accessible digital-first consumer financing products catering to the unbanked and underbanked, according to Atome Financial’s Head of Funding, Andy Tan.
HSBC Singapore’s Managing Director and Head of International Subsidiary Banking, Harish S. Venkatesan, expressed satisfaction in aiding Atome Financial’s growth in Southeast Asia’s emerging economy.
Atome Financial is currently engaged in the Philippines as a buy now, pay later company.
Meta: Atome Financial has renewed and expanded its $100-million debt facility partnership with HSBC Singapore to include the Philippine market, aiming to introduce new consumer financing products and provide easier access to digital-first financing solutions for unbanked and underbanked consumers.