Grab is said to be in talks to join a funding round for Atome Financial, which could raise more than $100 million, according to a DealStreetAsia report on Thursday, citing sources.
Atome Financial is part of Singapore-based Advance Intelligence Group and operates BNPL platform Atome and Indonesian digital lender Kredit Pintar.
The latest fundraising could be structured in phases, with likely more tranches, and the details for the round were still being worked out, the report said.
The deal, if concluded, is expected to help strengthen Grabʼs lending business in the 'buy now, pay later' category through its platform 'PayLater', driver and merchant financing, and partner-originated personal loans, the report said.
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