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Business · 43 minutes ago

Grab buys BNPL firm Atome for about $1.5 billion

Grab buys BNPL firm Atome for about $1.5 billion

Grab, known for ride-hailing, is buying a controlling stake in Atome Financial, a Singapore-based buy now, pay later provider. The deal, worth about $1.49 billion, will combine Atome's lending services with Grab's financial offerings. The acquisition aims to give more people in the region access to credit, especially those without a formal credit history.

Reported by pymnts.com · How we write briefs

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