Grab to buy majority stake in Singapore firm Atome for $1.9b in fintech bid

Shares of Grab have declined almost 40 per cent in 2026.

Published Sep 15, 2026, 07:34 PM

Updated Sep 15, 2026, 08:52 PM

SINGAPORE – Grab Holdings has agreed to buy a majority stake in Singapore-based, buy-now-pay-later platform Atome Financial for US$1.49 billion (S$1.9 billion), staking a major bet on financial services as it builds out a new pillar of growth.

The ride-hailing and delivery firm is acquiring 60 per cent of Atome as part of a deal with its parent, Advance Intelligence Group, and certain other parties, according to a statement released by Grab on Sept 15.

The company also agreed to acquire the remaining 40 per cent stake about two years after the transaction closes under a performance-linked framework tied to Atome’s earnings before interest, taxes, depreciation and amortisation (Ebitda) as well as revenue.

The arrangement values Atome at between US$2 billion and US$4.5 billion.

The transaction is expected to be completed by the third quarter of 2027.

The purchase will give Grab a stronger foothold in the consumer lending business in South-east Asia, helping it expand beyond its app ecosystem to spur growth and gain new customers.

Grab said it now expects to grow its loan book to over US$6 billion by 2028, including Atome, compared with a previous target of more than US$3 billion by the end of 2026.

Grab president and chief operating officer Alex Hungate said while Grab has developed buy-now-pay-later products in Malaysia and Singapore, buying Atome will allow it to “leapfrog the timeline” for expansion into the Philippines, Indonesia and Thailand.

Grab launched its own interest-free instalment product for consumer purchases in 2019 under a joint venture with Japanese credit card company Credit Saison.

Acquiring Atome will allow Grab to focus on scaling the business rather than spending years developing credit models and absorbing the losses often required to refine them, Hungate said.

He added that the company could leverage its three digital banks to lower the cost of funding for Atome’s assets.

The company operates in more than 900 South-east Asian cities and runs licensed digital lenders in Singapore, Malaysia and Indonesia.

Alongside the deal announcement, the company raised its 2028 targets, forecasting adjusted Ebitda of US$1.7 billion and annual revenue growth of more than 30 per cent between 2025 and 2028.

Grab chief financial officer Peter Oey said: “Subject to closing timelines, we expect Atome Financial, along with the rest of our financial services segment, to generate an adjusted Ebitda of US$500 million by 2028 with a combined gross loan portfolio of over US$6 billion.”

Buying time and scale

Jianggan Li, chief executive of Singapore-based consultancy Momentum Works, said Grab was effectively buying time and scale.

“Consumer credit in South-east Asia is increasingly sitting inside large commerce platforms or major wallet ecosystems. As underwriting and collection increasingly become commoditised, distribution becomes more important,” he said.

Shares of Grab have declined almost 40 per cent in 2026, giving the company a market value of US$12.3 billion.

In 2026, Grab purchased Stash Financial in the United States at an enterprise value of US$425 million, as well as meal-delivery firm foodpanda’s Taiwan operations from Delivery Hero for US$600 million.

Atome, which stands for “Available to me”, offers consumers flexible payment solutions at online and offline retailers in fashion, beauty, lifestyle, travel, fitness and homeware, according to its website. Its revenue in 2025 surged 80 per cent to US$470 million, helping the company achieve its second-straight annual profit before taxes. BLOOMBERG, REUTERS

Grab的股价在2026年下跌了近40%。

发布于 2026 年 9 月 15 日晚上 7:34

更新于2026年9月15日晚上8:52

新加坡——Grab Holdings 已同意以 14.9 亿美元（19 亿新元）收购总部位于新加坡的“先买后付”平台 Atome Financial 的多数股权，此举标志着该公司在构建新的增长支柱之际，对金融服务领域进行了重大押注。

根据 Grab 于 9 月 15 日发布的声明，这家网约车和外卖公司将收购 Atome 60% 的股份，这是与 Atome 的母公司 Advance Intelligence Group 和其他一些方达成的交易的一部分。

该公司还同意在交易完成后的大约两年内，根据与 Atome 的息税折旧摊销前利润 (EBITDA) 以及收入挂钩的业绩挂钩框架，收购剩余的 40% 股份。

该协议对Atome的估值在20亿美元至45亿美元之间。

预计该交易将于 2027 年第三季度完成。

此次收购将使 Grab 在东南亚消费信贷业务中站稳脚跟，帮助其拓展应用生态系统以外的业务，从而刺激增长并获得新客户。

Grab表示，预计到2028年，其贷款组合（包括Atome）将增长至超过60亿美元，而此前的目标是到2026年底超过30亿美元。

Grab 总裁兼首席运营官 Alex Hungate 表示，虽然 Grab 已在马来西亚和新加坡开发了先买后付产品，但收购 Atome 将使其能够“跨越时间表”，迅速扩展到菲律宾、印度尼西亚和泰国。

2019 年，Grab 与日本信用卡公司 Credit Saison 成立合资企业，推出了面向消费者的免息分期付款产品。

Hungate表示，收购Atome将使Grab能够专注于扩大业务规模，而不是花费数年时间开发信用模型并承担完善这些模型通常需要承受的损失。

他还补充说，该公司可以利用其三家数字银行来降低Atome资产的融资成本。

该公司业务遍及东南亚 900 多个城市，并在新加坡、马来西亚和印度尼西亚运营持牌数字贷款机构。

在宣布该交易的同时，该公司提高了其 2028 年的目标，预测调整后的 EBIDA 为 17 亿美元，2025 年至 2028 年的年收入增长率超过 30%。

Grab 首席财务官 Peter Oey 表示：“如果交易按计划完成，我们预计 Atome Financial 以及我们其他金融服务部门到 2028 年将产生 5 亿美元的调整后 EBITDA，合并贷款总额将超过 60 亿美元。”

购买时间和规模

新加坡咨询公司 Momentum Works 的首席执行官李江干表示，Grab 实际上是在购买时间和规模。

他表示：“东南亚的消费信贷越来越多地依托于大型电商平台或主流电子钱包生态系统。随着承保和催收流程日益商品化，分销渠道变得越来越重要。”

Grab 的股价在 2026 年下跌了近 40%，公司市值降至 123 亿美元。

2026 年，Grab 以 4.25 亿美元的企业价值收购了美国的 Stash Financial，并以 6 亿美元的价格从 Delivery Hero 手中收购了送餐公司 foodpanda 在台湾的业务。

Atome（全称“Available to me”）是一家为消费者提供线上线下时尚、美妆、生活方式、旅游、健身和家居用品零售商灵活支付方案的公司，其官网显示。该公司2025年营收预计增长80%，达到4.7亿美元，连续第二年实现税前盈利。彭博社、路透社