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Grab reportedly negotiates to acquire majority stake in Atome Financial for over $2 billion
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Grab is reportedly in talks to buy a majority stake in Singapore-based BNPL provider Atome Financial, valuing the deal at over $2 billion.
WHY IT MATTERS
The talks highlight Grab's interest in acquiring a BNPL platform. The reported $2 billion plus valuation indicates the price range under discussion for the stake.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
01
Grab is reportedly negotiating to acquire a majority stake in Atome Financial.
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The proposed deal values Atome at over $2 billion.
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Atome is a Singapore-based buy-now-pay-later platform owned by Advance Intelligence Group.
THE CLUSTER
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Techmeme
Sources: Grab is in talks to buy a majority stake in Advance Intelligence Group's Singapore-based BNPL platform Atome Financial at a $2B+ valuation (Bloomberg)
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