Standard Chartered to give $500 million to Atome in buy now, pay later push

Standard Chartered to give $500 million to Atome in buy now, pay later push

Standard Chartered to give $500 million to Atome in buy now, pay later push

Information about Standard Chartered to give $500 million to Atome in buy now, pay later push

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(Reuters) – Standard Chartered Plc said on Wednesday it would provide $500 million in financing to help Singapore-based fintech Atome expand its buy now, pay later services in parts of Southeast Asia.
The bank said it had also picked up a strategic stake in Atome, the consumer unit of Singapore-based Advance Intelligence Group, adding that it was one of its largest strategic investments in a fintech to date.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Ramakrishnan M.)

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