Standard Chartered’s Strategic Investment In Atome Financial

In UK Slaughter and May, advised on the matter.

Slaughter and May advised Standard Chartered with a team including Ben Heron (Corporate M&A), Chris McGaffin (Picture – Corporate M&A).

Standard Chartered made a strategic investment in Atome Financial, which operates Asia’s largest buy now pay later platform, Atome, as well as digital lending platform Kredit Pintar in Indonesia.

It marks one of Standard Chartered’s largest strategic investments in a fintech to-date and supports its ambition to expand its reach and scale within the mass market segment via a digital-first approach, underpinned by digital acquisition and new partnership models. Atome Financial is a business unit under Advance Intelligence Group, which recently closed a USD 400M+ Series D financing round from an investor consortium led by SoftBank Vision Fund 2 and Warburg Pincus, valuing the company at more than USD 2 billion.

Slaughter and May supported an internal legal team at Standard Chartered for the strategic investment, led by Jordan Kent.

Slaughter and May’s team included Chris McGaffin (Picture), Partner, Ben Heron, Partner, Rahul Mehta, Associate, Stephanie Courtice, Associate, Matthew Carey, Associate, Ada Zhang, Trainee, Jaime Wong, Trainee, Michelle Tsang, Trainee, Natalie Yeung Partner, Alexander Lee, Associate, Kenny Lai, Trainee and Jonathan Hsu, Trainee.

Involved fees earner: Matthew Carey – Slaughter and May; Stephanie Courtice – Slaughter and May; Ben Heron – Slaughter and May; Alexander Lee – Slaughter and May; Chris McGaffin – Slaughter and May; Rahul Mehta – Slaughter and May; Natalie Yeung – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Standard Chartered;

Author: Giulia Di Palma