Atome Philippines has secured a ₱5-billion wholesale credit facility from Asia United Bank (AUB), giving the fintech company additional local funding to expand its consumer lending business and reach more underserved Filipinos.
The financing will mainly support the continued rollout of the Atome PayLater Anywhere Card, which now has more than 3 million cardholders nationwide. According to the company, about 80% of users are first-time cardholders, while 65% are women.
“The closing of AUB’s ₱5 billion facility validates Atome’s market position and delivers competitive, PHP-denominated funding at meaningful scale,” said Christian Quiros, president and country manager, Atome Philippines. “Built on AUB’s deep understanding of our credit profile, this facility strengthens our ability to grow while diversifying our funding mix with competitive local capital. It supports the Philippine economy and our mission to responsibly serve millions of underbanked Filipinos seeking accessible financial tools.”
Most customers use the card for daily expenses such as groceries, food, household purchases, mobile phone loads, utility bills, and other essential spending. The company said adoption has expanded beyond Metro Manila to customers across Luzon, Visayas, and Mindanao, showing growing demand for flexible payment options.
The deal also strengthens Atome’s local funding base by providing financing in Philippine pesos, reducing its reliance on foreign currency funding while supporting future growth in the country.
Aside from its PayLater card, Atome Philippines also offers consumer loans, savings products, and insurance services. The company said these products are aimed at Filipinos who have limited access to traditional banking services.
“This partnership advances financial inclusion while maintaining rigorous credit standards,” added Ernesto Uy, executive vice president and head of Account Management, AUB.
For AUB, the financing shows confidence in Atome’s credit quality and operating model at a time when digital financial services continue to grow in the Philippines. More consumers are turning to digital lending and buy now, pay later (BNPL) services as alternatives to traditional credit cards, particularly first-time borrowers.
The new facility gives Atome additional capital to expand its lending operations while supporting broader efforts to increase access to digital financial services for Filipinos who may not yet qualify for traditional banking products.