Grab Holdings Limited is in discussions to acquire a majority stake in Atome Financial, a Singapore-based buy now, pay later platform owned by Advance Intelligence Group, in a transaction that could value Atome at more than $2 billion. The talks, first reported on September 10, mark the latest step in Grab’s push to expand beyond ride-hailing and food delivery into consumer financial services across Southeast Asia.
Key Facts At A Glance
- Grab Holdings Limited is in talks to acquire a majority stake in Atome Financial, a Singapore-based buy now, pay later (BNPL) platform
- A transaction could value Atome Financial at more than $2 billion
- Atome Financial is a unit of Advance Intelligence Group, whose backers include SoftBank Vision Fund 2 and Warburg Pincus
- Deliberations are ongoing and no final agreement has been reached
- Atome’s revenue rose 80% to $470 million last year, its second consecutive year of pretax profitability
- Grab’s US-listed shares have fallen roughly 39% this year, leaving the company with a market capitalization of about $12.4 billion
- Earlier in 2026, Grab acquired US-based Stash Financial Inc. at an enterprise value of $425 million and purchased Foodpanda’s Taiwan operations from Delivery Hero SE for $600 million
- Representatives for Grab, Atome Financial, and Advance Intelligence Group declined to comment on the talks
Grab Holdings Limited, the largest ride-hailing and food-delivery operator in Southeast Asia, is in talks to acquire a majority stake in Atome Financial, according to people familiar with the matter. The discussions are private and no final decision has been made, the people said, asking not to be identified given the sensitivity of the negotiations.
A transaction could value the Advance Intelligence Group subsidiary at more than $2 billion, though that figure reflects a potential valuation of Atome Financial rather than the price Grab would necessarily pay for a controlling interest. Atome Financial operates the Atome buy now, pay later brand, which lets shoppers split purchases into installments at online and physical retailers across fashion, beauty, travel, fitness, and homeware categories. The business posted an 80% jump in revenue to $470 million last year, helping it reach a second consecutive year of pretax profitability.
Grab’s Financial Services Expansion
The talks extend a run of acquisitions this year as Grab builds out its financial services arm alongside its core transport and delivery businesses. Earlier in 2026, the company acquired US-based Stash Financial Inc. at an enterprise value of $425 million and purchased Foodpanda’s Taiwan operations from Delivery Hero SE for $600 million. Representatives for Grab, Atome Financial, and Advance Intelligence Group all declined to comment when contacted about the Atome discussions.
Market Context
Grab is listed in the United States, where its shares have dropped roughly 39% this year, leaving the company with a market value of about $12.4 billion. Advance Intelligence Group’s backers include SoftBank Vision Fund 2 and Warburg Pincus.
Beyond confirmation that talks are underway and the general contours of a potential deal, publicly available information remains limited: neither the ownership stake under discussion, a timeline for concluding negotiations, nor deal financing terms have been disclosed.