Southeast Asia’s largest buy now, pay later provider Atome, which is part of the Advance Intelligence Group, has secured a US$75 million asset-backed financing facility from Lending Ark, marking, the provider says, “a major milestone in its commitment to accelerating financial inclusion in the Philippines”.

This strategic financing from Lending Ark Asia Secured Private Debt Fund, advised by CITIC Securities CLSA Capital Partners ( HK ), will further Atome’s mission in the Philippines to improve access to risk-managed, responsible and sustainable credit products for Filipino consumers.

Lending Ark, an Asian asset-backed credit investor that has invested US$1 billion across the region, has pioneered the design of unique asset-backed investments across the Philippines, Hong Kong, South Korea, Australia, New Zealand, Indonesia and Vietnam.

“Atome has cemented its position as a leading fintech player in Southeast Asia thanks to its unique strengths in credit risk management, responsible lending, and consumer empowerment,” says Carol Lee Park, Lending Ark’s managing director. “We’re excited to support Atome in the Philippines, a high-growth market with increasing demand for accessible, affordable credit and mobile-first financial solutions.”

Andy Tan, Atome’s chief commercial officer, adds: “The Philippines is a key growth market for Atome. This financing reflects the continued confidence in Atome’s ability to deliver inclusive, risk-managed credit at scale. Lending Ark also supports our business in Indonesia, and this latest expansion underscores the strength of our long-standing partnership.”