Grab Holdings agreed to acquire a majority stake in Singapore-based buy-now-pay-later platform Atome Financial for $1.49 billion. The deal values Atome at approximately $2.5 billion, based on Atome's $470 million in 2025 revenue.
Grab will purchase the 60% stake from current shareholders including Advance Intelligence Group. The acquisition strengthens Grab's fintech offerings across Southeast Asia, where the ride-hailing and delivery company has expanded into payments and financial services.
Atome operates a buy-now-pay-later service allowing consumers to split purchases into installments. The platform generated $470 million in revenue during 2025, demonstrating significant traction in the BNPL market across the region.
The deal reflects growing consolidation in Southeast Asian fintech, where major platforms seek to build comprehensive financial ecosystems. Grab's move adds BNPL capabilities to its existing payment infrastructure, potentially cross-selling to its millions of users.
Atome's valuation at roughly $2.5 billion implies a 5.3x revenue multiple, within typical ranges for high-growth fintech platforms. The acquisition also signals confidence in the BNPL sector despite regulatory scrutiny in some markets.
Separately, chipmaker Altera has filed confidentially for an initial public offering. Altera, backed by Silver Lake and Intel, designs chips for artificial intelligence, automation, and other applications. Intel acquired the company for approximately $16.7 billion in 2015. Silver Lake took a 51% stake in 2025, indicating a restructuring ahead of the IPO filing.
Altera's confidential filing suggests the company plans to go public in coming months. The chip design sector has attracted significant investor interest amid AI infrastructure buildout and semiconductor supply chain diversification efforts.
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