queen9play Atome Financial, BlackRock, InnoVen Capital join loan facility

MANILAqueen9play, PHILIPPINES — Atome Financial welcomes BlackRock’s private credit fund and InnoVen Capital in its $80-million credit facility.

BlackRock and InnoVen will become new consortium members in the accordion tranche of its previously three-year senior secured term loan facility.

READ: How to get online loans in the Philippines

Article continues after this advertisement

BlackRock’s private credit team offers peerless expertise and a robust track record in private credit investments.

FEATURED STORIES TECHNOLOGY House lawmaker pushes for digital literacy in basic education TECHNOLOGY Global warming can become too hot for seniors in many areas, says a study TECHNOLOGY Atome Financial, BlackRock, InnoVen Capital join loan facility

On the other hand, InnoVen Capital is a joint venture between UOB and Seviora, which supports early- and growth-stage companies across Southeast Asia.

The event was intended to promote the environmentally sensitive Unesco-listed World Heritage site, where the ruins of the Khmer empire’s greatest monuments are surrounded by lush forests and giant trees.

In fiscal year 2024, Atome Financial achieved strong business performance with the following milestones: 

Article continues after this advertisement +45% year-on-year revenue growth to $280 million +35% year-on-year growth in Gross Merchandise Value (GMV) to $2.5 billion Product portfolio profitability optimization Operational efficiency with generative AI across customer service, collections and product sales Achieved full-year profitability

Andy Tan, Chief Commercial Officer of Atome Financial, stated: 

Article continues after this advertisement

“We are incredibly excited and honored to welcome BlackRock and InnoVen Capital as our new lending partners.” 

Article continues after this advertisement

“Their participation is a testament to our continued operational excellence, market leadership and remarkable business momentum.” 

“This facility will help propel the growth of our expanded product suite… to better serve the diverse financial needs of consumers across Southeast Asia… including the Philippines.” 

Article continues after this advertisement

Moreover, Yik Ley Chan, Southeast Asia Private Credit Lead at BlackRock, said:

“Atome Financial has strategically positioned the business over the past few years and achieved a strong track record.”

“We are pleased to be part of this investment and look forward to long-term collaboration with Atome Financial as their business embarks on the next phase of growth.” 

Atome Financial is a digital financial technology platform in Southeast Asia and part of the Singapore-based Advance Intelligence Group. 

Your subscription could not be saved. Please try again. Your subscription has been successful.

Subscribe to our daily newsletter

SIGN ME UP

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

It includes Atomequeen9play, which provides digital financial services like insurance, cards and lending.

TOPICS: technology READ NEXT Global warming can become too hot for seniors in many areas, s... Disinformation probe will refine ethical concerns -CHR EDITORS' PICK NBA: Lakers sign center Alex Len, waive injured Christian Wood Kontra Daya: Over half of party lists don’t represent poor NBI tags VP Duterte for inciting to sedition, grave threats Scammers using AI to dupe the lonely looking for love House lawmaker pushes for digital literacy in basic education Extreme weather study says PH 10th hardest hit MOST READ Derek Ramsay slams Andi Eigenmann, Philmar Alipayo for 'betrayal' post FDA orders recall of antibiotics drug used vs pneumonia, bronchitis, UTI NBI tags VP Duterte for inciting to sedition, grave threats BIZ BUZZ: What’s next for Conti’s? Follow @FMangosingINQ on Twitter --> View comments