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Grab aims for 'next level' in financial services with purchase of buy-now pay-later platform Atome

Grab is buying Singapore-based buy-now, pay-later platform Atome Financial as it looks to expand in consumer lending. The company announced it would acquire an initial 60% controlling stake in Atome for $1.49 billion in cash, with plans to buy the remaining 40% roughly two years after the first transaction closes.

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