Standard Chartered to give $500 mln to Atome in buy now, pay later push

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Oct 13 (Reuters) – Standard Chartered Plc (STAN.L) acknowledged on Wednesday it would present $500 million in financing to assist Singapore-based fintech Atome develop its buy now, pay later suppliers in parts of Southeast Asia.

The financial institution acknowledged it had furthermore picked up a strategic stake in Atome, the consumer unit of Singapore-based Advance Intelligence Group, along with that it was one among its largest strategic investments in a fintech to date.

Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Ramakrishnan M.

People walk outside the main branch of Standard Chartered in Hong Kong, China August 1, 2017. REUTERS/Bobby Yip

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