Atome Philippines has secured a PHP 5 billion wholesale credit facility from Asia United Bank, providing the digital finance company with locally denominated capital to support further expansion in the country. The agreement strengthens Atome’s funding base as it increases access to consumer financial products for Filipinos who remain underserved by traditional banking institutions. The transaction also reflects growing cooperation between established banks and technology-led finance providers seeking to broaden responsible credit access across the Philippine market.
Local Currency Funding Supports Expansion
The facility gives Atome a significant source of peso-denominated financing and adds a local currency line to its diversified funding base. According to the company, the capital will support responsible growth while providing competitive domestic funding at a meaningful scale. Asia United Bank’s participation also signals confidence in Atome’s credit profile, operating model, and approach to managing its expanding consumer finance activities.
PayLater Anywhere Card Drives Growth
Most of the proceeds will be directed toward expanding the Atome PayLater Anywhere Card, which has been issued to more than three million Filipinos. The card allows customers to access flexible payment options for purchases and bills, positioning it as a practical financial tool rather than a product focused only on discretionary spending. Adoption has extended beyond Metro Manila, with users across Luzon, Visayas, and Mindanao contributing to the platform’s nationwide growth.
Financial Inclusion Remains Central
Atome said up to 80 percent of its cardholders are first-time card users, highlighting the product’s reach among consumers who may have limited access to conventional credit cards. Women account for approximately 65 percent of cardholders, while many customers use the service for groceries, food, household goods, telecommunications expenses, and utility payments. These usage patterns suggest that flexible digital credit is increasingly being used to manage routine household spending and short-term cash flow needs.
A Broader Digital Finance Portfolio
Beyond its card offering, Atome provides lending, savings, and insurance products in the Philippines as part of a broader effort to serve consumers outside traditional banking channels. The company operates as part of Singapore-headquartered Advance Intelligence Group, which is backed by investors including SoftBank Vision Fund 2, Warburg Pincus, Northstar, and EDBI. Atome has positioned its expanding product range as an integrated digital finance platform designed to meet several consumer needs through mobile-first services.
Bank and Fintech Partnership
Asia United Bank executives said the facility supports responsible fintech platforms that can strengthen the domestic financial system while maintaining disciplined credit standards. Atome Philippines President and Country Manager Christian Quiros described the transaction as validation of the company’s market position and a step toward building a more diversified funding structure. Both sides framed the partnership as a way to expand financial inclusion without weakening the risk controls required for sustainable consumer lending.
Regional Funding Momentum
The Philippine facility follows other debt financing secured by Atome to support its wider Southeast Asian operations, indicating that credit facilities remain an important part of its growth strategy. Earlier funding arrangements have supported the expansion of buy now, pay later services, lending products, and card offerings across markets including Singapore, Malaysia, and the Philippines. The new AUB agreement is more specifically tied to the Philippine business and gives Atome access to capital in the same currency used by its local customers.
Atome’s PHP 5 billion facility with Asia United Bank provides the company with additional capacity to expand its card and digital finance services across the Philippines. Its significance lies not only in the size of the financing, but also in its local currency structure and focus on consumers who are often excluded from mainstream credit products. As adoption grows nationwide, the partnership will test whether bank-backed fintech funding can deliver broader access while preserving responsible underwriting and sustainable portfolio performance.