Grab Holdings plans to pay $1.49 billion in cash for an initial 60% stake in Atome Financial, the Singapore-based buy-now-pay-later platform owned by Advance Intelligence Group, and acquire the remaining 40% roughly two years later. The transaction would value Atome Financial at more than $2 billion and represents Grab’s largest financial services acquisition to date. Atome generated $470 million in revenue in 2025, an 80% year-over-year increase, and has reported pre-tax profitability for two consecutive years. Grab CFO Peter Oey described consumer lending as the company’s “next frontier” as it expands its financial services business. Grab also raised its 2028 outlook and said it intends to complete the remaining roughly $900 million of its share repurchase program over the next 12 months. The deal follows Grab’s $425 million purchase of an initial 50.1% stake in Stash Financial and its $600 million acquisition of Foodpanda’s Taiwan operations, taking stated acquisition commitments above $2.5 billion during 2026. Grab’s gross loan portfolio stood at $1.44 billion in the first quarter of 2026, while its financial services segment recorded an adjusted EBITDA loss of $17 million. Atome offers point-of-sale installment plans and small-ticket consumer loans across several Southeast Asian markets, supported by merchant relationships in fashion, electronics, travel and lifestyle. Its credit assessment capabilities and merchant network could help Grab expand lending more quickly than organic growth alone. The transaction adds to competition with GoTo’s GoPay and Bank Jago operations and Sea Limited’s Shopee and SeaMoney financial services. Grab shares were trading around $3.02 when the deal surfaced, leaving the company with a market capitalization near $12.4 billion after a 39% decline in 2026. Grab went public through a SPAC in late 2021 at a valuation above $40 billion.