Report
Grab paid $1.5 billion for Atome instead of building lending in-house
Tech in Asia says Grab bought Atome’s lending engine after spending US$1.2 billion learning how hard credit is.
TLDR
Tech in Asia reports that Grab paid $1.5 billion for Atome rather than building lending in-house. The outlet says Grab had spent US$1.2 billion learning how hard credit is before buying Atome’s lending engine, and examines what the deal could unlock for Grab.
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