BNPL provider Atome Financial doubles operating income in 2023

It’s BNPL services are now profitable, the company said in a press release.

Atome Financial, a Southeast Asia-based digital financial services platform, saw its operating income nearly double to $170m as of end-December 2023, a jump above the $88m recorded in 2022.

Atome– whose services include a buy now pay later (BNPL) platform and Indonesian digital lending platform Kredit Pintar– also shared that its EBITDA has turned positive in Q1 2024.

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Atome attributed the growth to its BNPL business, where it processed nearly $1.5b in gross merchandise volume in 2023. This is a 40% increase from a year ago.

Atome’s BNPL services are now profitable, it added, thanks to a 130% surge in revenue.