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GXBank
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Grab to pay $1.49bn for 60% of Atome as Southeast Asia lending push accelerates
Grab Holdings has agreed to acquire 60% of Atome Financial for $1.49 billion in cash, with a route to full ownership and new 2028 targets for financial-services profitability and lending growth.
Can Atome turn Grab’s loss-making financial services arm into a $500m EBITDA business?
Grab is acquiring 60% of Atome Financial for $1.49 billion in cash, adding a $1 billion loan portfolio and 25 million cumulative users. The deal accelerates consumer lending across Southeast Asia, but it also commits more capital to credit risk while Grab’s Financial Services segment is still moving toward profitability.