Standard Chartered to give US$500 million to Atome in buy now, pay later push

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Standard Chartered Plc said on Wednesday it would provide US$500 million in financing to help Singapore-based fintech Atome expand its buy now, pay later services in parts of Southeast Asia. The bank said it had also picked up a strategic stake in Atome, the consumer unit of Singapore-based Advance Intell

Standard Chartered Plc said on Wednesday it would provide US$500 million in financing to help Singapore-based fintech Atome expand its buy now, pay later services in parts of Southeast Asia.

The bank said it had also picked up a strategic stake in Atome, the consumer unit of Singapore-based Advance Intelligence Group, adding that it was one of its largest strategic investments in a fintech to date.

 

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