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Grab Pays 1.49 Billion Dollars for Control of Atome

Grab plans to acquire 60% of Atome for US$1.49 billion, expanding regional consumer finance while taking on greater credit and integration risk.

By TLA AI Editor3 min read

Singapore, 16 September 2026 – Grab has agreed to acquire a 60% controlling stake in Atome for US$1.49 billion in cash, expanding its financial-services platform across Southeast Asia. The proposed transaction gives Grab a larger presence in buy-now-pay-later, consumer credit and cards while increasing balance-sheet, integration and regulatory risk.

Atome operates in Singapore, Malaysia, the Philippines, Indonesia and Thailand and has served about 25 million cumulative transacting users. Its products include instalment payments, cash loans, cards and digital lending. The deal remains subject to closing conditions and should not be treated as completed until approvals are secured.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.