Grab Reportedly Eyes Controlling Stake in Atome at Over US$2 Billion Valuation

Grab's reported interest in Atome Financial for over US$2 billion reflects its continued push into financial services across Southeast Asia. Atome's strong revenue growth of 80% to US$470 million in 2025 and its pre-tax profitability for two consecutive years make it an attractive target, particularly for its established BNPL presence in markets like Singapore. This potential acquisition would deepen Grab's fintech offerings beyond its existing payments and lending services, integrating a popular consumer financing option directly into its superapp ecosystem. The thing to watch is how Grab integrates Atome's diverse merchant network, spanning fashion, beauty, and travel, with its own extensive user base. While Grab has been on an acquisition spree, including Stash and Foodpanda Taiwan, the success of this deal hinges on operational synergy and maintaining Atome's growth trajectory. The valuation of over US$2 billion for a BNPL player also points to continued investor confidence in the sector's long-term potential in Asia, despite broader economic uncertainties.