SuperAtom has raised $22m to expand products

Singapore-based SuperAtom has raised $22m in order to expand its digital banking and credit products across the globe, starting in Mexico and then expanding into the wider Latin America region.

The Series C round was led by Malaysia-based digital investment fund Nue 3 Capital and values the Singapore-based company at $370m.

SuperAtom focusses on providing products that helps financial inclusion in Southeast Asia.

Founder and CEO of SuperAtom said: “In the coming months, we will begin establishing a local presence in these countries by hiring local talent, applying for local financial licenses, and focusing on new product development.”

Felix Tang, CEO at Nue 3 Capital. added: “Despite continued innovation in the banking sector, access to financial services remains limited for many global consumers,” said Felix Tang, CEO at Nue 3 Capital. “With the team’s proven track record in Indonesia, we strongly believe SuperAtom’s model can be scaled globally to help empower underbanked consumers. We’re thrilled to support their journey as they expand into new markets and kick off their next phase of growth.”