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Grab is reportedly considering a controlling stake in Atome Financial that could value the BNPL fintech at more than US$2 billion.
Bloomberg reported that negotiations are ongoing and may not produce a deal, citing unnamed sources familiar with the discussions.
Grab was previously reported to be joining an Atome funding round that could raise more than US$100 million.
Atome provides instalment payment services for purchases made online and at physical stores. Its services cover sectors including fashion, beauty, travel, fitness and homeware.
The Singapore-based company recorded US$470 million in revenue for 2025, an increase of 80% from the previous year. It also achieved pre-tax profitability for a second consecutive year.
Atome forms part of Advance Intelligence Group. SoftBank Vision Fund 2 and Warburg Pincus are among the group’s investors.
A possible Atome deal would continue a recent run of acquisitions by Grab.
Earlier this year, Grab agreed to take an initial 50.1% stake in US financial services platform Stash as part of a transaction with an enterprise value of US$425 million.
It also agreed to acquire Delivery Hero’s Foodpanda operations in Taiwan for US$600 million in cash.
Grab, Atome and Advance Intelligence Group declined to comment on the reported negotiations.
Featured image: Edited by Fintech News Singapore, based on image by salmangraphics0839 via Magnific
