Standard Chartered, Atome Financial Partner to improve financial access and product choice for consumers

Standard Chartered has entered into a 10-year multi-product partnership with Atome Financial. This partnership will combine the strengths in finance and technology to deliver quality products to consumers and merchants across key markets in Asia.

The partnership will also include Standard Chartered investing $500 million in Atome Financial. This funding will enable Atome Financial to grow and connect a wider ecosystem of merchants to a larger customer base. Atome is the business unit under Advance Intelligence Group. Atome recently closed a $400+ million Series D financing round.

"Our deep knowledge of Asia’s markets coupled with Atome Financial’s experience in digital consumer finance will allow us to reach even more customers and drive greater financial participation of those underserved and underbanked,” said Judy Hsu, CEO, Consumer, Private and Business Banking, Standard Chartered Bank.

This partnership will include buy now pay later services initially. It will target a roll out in Indonesia, Malaysia, Singapore, and Vietnam in the coming months. The partnership will later expand to include digital lending products.