SoftBank-backed fraud detection software provider AIG’s BNPL subsidiary has entered into a decade-long collaboration scheme with Standard Chartered alongside the deal.

Financial services firm Standard Chartered provided $500m for Singapore-based payment instalment service Atome Financial yesterday through a strategic partnership.

Atome Financial is the subsidiary of fraudulent payment prevention technology developer Advance Intelligence Group (AIG) that focuses on buy-now-pay-later (BNPL) services in its home country, Southeast Asia and the greater China region.

AIG had itself completed a $400m series D round last month at a valuation of more than $2bn. It was co-led by internet and telecommunications group SoftBank’s Vision…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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