Atome raises $75 million from Lending Ark to expand BNPL services in the Philippines

Atome secured a $75 million asset-backed financing facility from Lending Ark to fuel its lending capacity in the Philippines, a key growth market for its Southeast Asia expansion. The Singapore-based BNPL provider, backed by SoftBank Vision Fund 2 and Warburg Pincus, is targeting the country’s underbanked population with short-term consumer credit products. The deal signals continued institutional support, following Atome’s March partnership with OceanBase to enhance backend infrastructure for scalability and security.