Manila, Philippines – Atome Philippines has secured a PHP5-billion wholesale credit facility from Asia United Bank (AUB), providing local currency funding to support the fintech firm’s expansion in the country.
According to Atome, the proceeds will primarily be used to expand its Atome PayLater Anywhere Card, which has been issued to more than 3 million Filipinos. The company said that up to 80% of cardholders are first-time card users, while 65% are women. It added that most customers use the card for everyday expenses such as groceries, food, household items, telecommunications services, and utility bill payments.
The company also said adoption of the card has expanded beyond Metro Manila, with customers across Luzon, Visayas, and Mindanao using the product, reflecting broader demand for flexible financial services nationwide.
Beyond its PayLater card offering, Atome Philippines also provides lending, savings, and insurance products. The company said these services are aimed at expanding access to financial solutions for Filipinos who are underserved by traditional banking institutions.
Atome noted that the PHP-denominated facility strengthens its funding base by adding a significant source of local currency financing. The company said the transaction also reflects AUB’s confidence in its credit profile and operating model.
“The credit facility reflects AUB’s commitment to supporting responsible fintech platforms that strengthen the Philippine financial ecosystem,” said Wilfredo Rodriguez Jr., Executive Vice President and IT and Operations Head, AUB.
“This partnership advances financial inclusion while maintaining rigorous credit standards,” added Ernesto Uy, Executive Vice President and Account Management Head, AUB.
Christian Quiros, President and Country Manager of Atome Philippines, said the financing would support the company’s continued expansion while broadening its funding sources.
“The closing of AUB’s PHP 5 billion facility validates Atome’s market position and delivers competitive, PHP-denominated funding at meaningful scale,” said Christian. “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.”
