Indonesia

Atome Financial finalises acquisition of financing company amid Rapid Business Expansion in Indonesia

Atome Financial has announced that it has completed its acquisition of local financing company PT Mega Finadana Finance in Indonesia.

The acquisition will allow Atome Financial to expand its business in Indonesia through especially consumer financing. Following the acquisition, PT Mega Finadana Finance changed its name to PT Atome Finance Indonesia, Atome Finance said in a press release.

Wawan Salum, Indonesia CEO, Atome Financial, said: “The acquisition of this licence is testament to our commitment to growing our Indonesia business, and will allow us to better serve our partners and consumers through a range of tailored financing and lending options.”

“As a group, Atome Financial has emerged from Covid-19 pandemic strongly and is now in a unique position to rapidly expand our services in Indonesia and accelerate financial inclusion among underbanked and underserved segments of the population. Since 2017, Atome Financial has partnered some of the world's most respected financial institutions who provide over $200 million in funding and credit facilities to propel financial inclusion. Cumulatively, we have served over 5 million users and provided over USD 1 billion of credit to empower merchants and consumers. This licence will not only accelerate our rapid business expansion, but also contributes to a stronger and healthier national lending and financing ecosystem in Indonesia,” Salum added.