DigiAsia Corp.(FAAS)

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DigiAsia Corp. Announces Voluntary Nasdaq Delisting in Strategic Response to Unlock Shareholder Value
Newsfile· 2025-09-13 01:33
Core Viewpoint - DigiAsia Corp. has announced its intention to voluntarily delist from the Nasdaq Stock Market as a strategic move to unlock shareholder value, with the delisting expected to take effect around October 2, 2025 [1][4]. Group 1: Delisting and Financial Strategy - The company will file a Form 25 with the SEC on or about September 22, 2025, to initiate the delisting process [1]. - The Board of Directors determined that the conditions to meet the September 15, 2025, deadline for filing a Form 20-F will not be met, primarily due to high listing-related costs and challenges in raising additional capital from public markets [2]. - The initial capital from any future sale or merger will be used to pay off lenders and vendor obligations, aiming for financial stability [5]. Group 2: Offer and Strategic Review - DigiAsia's Board received a firm offer from Indian fintech company PayMate, valuing DigiAsia at $400 million, which includes a $25 million cash component and a share swap [3]. - The Board has tasked management to review all strategic sales and merger opportunities within a thirty-day timeframe [3]. Group 3: Company Overview - DigiAsia is a leading Fintech as a Service (FaaS) provider operating a B2B2X model, offering comprehensive embedded finance solutions to small and medium enterprises (SMEs) in emerging markets [6]. - The company’s fintech architecture aims to democratize digital finance access, supporting financial inclusion for underbanked merchants and consumers [6][7]. - DigiAsia is developing its embedded FaaS enterprise solution with AI capabilities, focusing on Southeast Asia, India, and the Middle East, with plans for global expansion [7].
DigiAsia Corp., Listed on NASDAQ (FAAS) and MOS Utility Limited, Listed on NSE (MOS) to Expand Strategic Partnership into AI-Powered Branchless Banking and Financial Inclusion Innovation
Newsfile· 2025-09-08 12:00
Core Insights - DigiAsia Corp. and MOS Utility Limited are expanding their strategic partnership to enhance AI-powered branchless banking and financial inclusion, targeting a market opportunity exceeding US$30 billion [1]. Group 1: Partnership and Expansion - The partnership will integrate MOS's technology to scale DigiAsia's branchless banking in Indonesia, onboarding over one million merchants as financial service agents [2]. - The collaboration aims to provide financial services to underserved communities, particularly in rural and semi-urban areas of Indonesia [3]. Group 2: AI-Powered Innovations - DigiAsia and MOS will co-develop advanced AI capabilities, including cash collection, cash disbursal, consumer loan origination, and automated KYC processes [2]. - AI-based tools are expected to improve agent performance, reduce service disruptions, and enhance customer experience in both Indonesia and India [3]. Group 3: Executive Insights - Prashant Gokarn, Co-CEO of DigiAsia, emphasized that the partnership focuses on building AI-powered ecosystems that empower Indonesian merchants and promote digital trade and inclusive finance across Asia [4]. - Mr. Chirag Shah, Chairman of MOS, highlighted the transformation of financial service delivery through the combination of MOS's modular fintech infrastructure and DigiAsia's distribution reach [5]. Group 4: Company Backgrounds - DigiAsia Corp. is a pioneer in Indonesia's embedded finance sector, providing innovative fintech solutions that support digital ecosystems [5]. - MOS Utility Limited is an Indian fintech innovator that offers digital payments and financial services through a modular technology platform, enhancing financial access in both urban and rural India [6].
DigiAsia Indonesia Revamps Strategy, Shifts from Super App to Simple App to Strengthen Embedded Finance Growth
Newsfile· 2025-08-18 13:06
Core Insights - DigiAsia Bios is shifting its business model from a "super app" to a "simple app" strategy to enhance core financial services and scale its embedded wallet offering for third-party platforms [1][4] - The new simple app will focus on frequently used financial transactions, improving transaction efficiency and integrating embedded finance solutions into partner applications [2][4] - The strategy includes leveraging artificial intelligence to enhance onboarding, KYC processes, and fraud detection, aimed at increasing security and accelerating growth for partners and end-users [3][4] Company Strategy - The shift to a simple app is intended to strengthen DigiAsia's position as Indonesia's leading embedded wallet provider, focusing on impactful user needs [4] - AI-driven enhancements in KYC and fraud detection are expected to boost traction among third-party partners and end-users [4] - The company aims to align its product roadmap with the evolving needs of Indonesia's digital economy, reinforcing its commitment as a trusted embedded finance partner [4][5]
DigiAsia Corp (FAAS) Announces $6 Million AI Platform Licensing Agreement with Nowigence Inc. for MENA and North American Markets
Newsfile· 2025-08-11 13:15
Core Insights - DigiAsia Corp has announced a $6 million AI platform licensing agreement with Nowigence Inc, focusing on the MENA and North American markets, which aims to expand its international reach and create long-term shareholder value [1][4]. Agreement Details - The agreement includes Nowigence issuing 1,200,000 Class A common shares to DigiAsia in exchange for licensing rights, providing DigiAsia with a strategic equity stake in Nowigence [2][6]. - DigiAsia retains a perpetual, zero-cost license for its AI-as-a-Service platform for internal operations, ensuring continuous innovation [3][6]. Strategic Significance - The partnership is expected to enhance both companies' capabilities in delivering scalable and affordable enterprise AI solutions globally [4]. - DigiAsia's management expressed excitement about the partnership, highlighting a strategic shift towards monetizing AI technology on a global scale [4]. Market Expansion - The licensing agreement grants DigiAsia exclusive rights in the MENA and North American markets, leveraging Nowigence's presence to open new sales and partnership channels [6]. - The planned registration of shares in Nowigence's upcoming S-1 filing is anticipated to support future liquidity for DigiAsia [6]. Company Background - DigiAsia Corp is a Nasdaq-listed Fintech-as-a-Service provider that delivers embedded finance APIs, AI-driven payments, digital banking, and blockchain-compatible infrastructure [7]. - Nowigence Inc. specializes in AI-driven software for automating complex data processing, integrating advanced technologies to provide scalable AI applications [8].
DigiAsia Corp (FAAS) Announces $2 Million Convertible Note Financing with CXI Valley II LLC to Support Corporate Growth
Newsfile· 2025-08-04 12:00
DigiAsia Corp (FAAS) Announces $2 Million Convertible Note Financing with CXI Valley II LLC to Support Corporate Growth August 04, 2025 8:00 AM EDT | Source: DigiAsia Corp New York, New York--(Newsfile Corp. - August 4, 2025) - DigiAsia Corp (NASDAQ: FAAS) ("DigiAsia" or the "Company"), a leading Fintech-as-a-Service (FaaS) platform delivering embedded finance and digital payment solutions, today announced that it has entered into a definitive agreement with CXI Valley II LLC, a Delaware-based investment fi ...
DigiAsia Corp (FAAS) Signs Indicative Termsheet for up to US$3 Million Non-Recourse Debt to Launch Bitcoin Treasury Reserve
Newsfile· 2025-06-23 12:00
Initial Facility Accelerates BTC Acquisition Strategy; $100 Million Equity Raise Advancing with Strong Institutional Momentum June 23, 2025 8:00 AM EDT | Source: DigiAsia Corp DigiAsia Corp (FAAS) Signs Indicative Termsheet for up to US$3 Million Non-Recourse Debt to Launch Bitcoin Treasury Reserve Key Highlights: "This facility reflects disciplined execution and early momentum toward our digital asset reserve vision," said Prashant Gokarn, Co-CEO of DigiAsia Corp. "We view Bitcoin as a long-term strategic ...
DigiAsia Corp (FAAS) Reports Strong First Half 2024 Financial Results, Achieves 45% Revenue Growth vs First Half of 2023
Newsfile· 2025-06-13 12:00
Core Insights - DigiAsia Corp reported a 45% increase in revenue for the first half of 2024, reaching over $51 million compared to $35.3 million in the same period of 2023, indicating strong operational leverage and demand for its services [2][6] - The company's net loss improved by 59%, reducing to approximately $1.48 million from $3.68 million in the first half of 2023, reflecting effective execution and growing enterprise demand for its API-driven platform [2][6][7] Financial Highlights - Revenue for the first half of 2024 was $51,110,222, up 45% from $35,321,776 in the first half of 2023 [6] - Net loss was reduced to -$1,478,828, improving 59% from -$3,675,431 in the first half of 2023 [6] Business Strategy and Future Outlook - DigiAsia is planning to establish a corporate Bitcoin treasury to strengthen its balance sheet and align with its digital-first asset strategy, reflecting a commitment to blockchain-based financial infrastructure [3] - The company aims to expand its AI-powered Fintech-as-a-Service solutions across Southeast Asia, India, and the Middle East, enhancing financial inclusion through its embedded finance APIs [4]
PayMate and DigiAsia Corp Strengthen Strategic Alliance Ahead of Proposed Acquisition
Newsfile· 2025-06-09 12:00
PayMate and DigiAsia Corp Strengthen Strategic Alliance Ahead of Proposed Acquisition June 09, 2025 8:00 AM EDT | Source: DigiAsia Corp Mumbai, India and Singapore, Singapore--(Newsfile Corp. - June 9, 2025) - PayMate India Ltd. ("PayMate"), a leading B2B payments platform, and DigiAsia Corp ("DigiAsia") (NASDAQ: FAAS), Southeast Asia's Fintech- as-a-Service innovator, announced a strategic partnership to accelerate alignment ahead of PayMate's proposed acquisition of DigiAsia's Indonesian operations. The p ...
DigiAsia (FAAS) Appoints D. Boral Capital as Placement Agent for $100M Strategic Bitcoin Treasury Raise
Newsfile· 2025-06-02 11:00
Core Viewpoint - DigiAsia Corp. has appointed D. Boral Capital as the exclusive placement agent for a proposed capital raise of up to $100 million to establish and manage a Bitcoin treasury reserve, marking a significant corporate crypto treasury initiative in 2025 [1][3]. Group 1: Company Strategy - The capital raised will be allocated to DigiAsia's Bitcoin treasury reserve, which is one of the most significant initiatives launched by a NASDAQ-listed firm in 2025 [1]. - The appointment of D. Boral Capital reflects DigiAsia's commitment to partnering with experienced capital markets advisors to accelerate its treasury transformation through digital assets [2]. - DigiAsia aims to solidify its position as a pioneer in regulated corporate crypto treasury strategy, with plans to complete the initial raise and begin Bitcoin acquisitions in Q3 2025 [3]. Group 2: Financial Structure and Execution - D. Boral Capital will lead the structuring, syndication, and placement of the financing strategy, which includes equity-linked offerings, convertible instruments, and institutional crypto finance solutions [2]. - The treasury will be deployed through a secure, yield-generating structure utilizing licensed digital asset custodians and financial institutions [3]. - Investor outreach and institutional allocation programs are set to commence immediately as part of the capital raise process [4]. Group 3: Company Background - DigiAsia Corp. is a Nasdaq-listed fintech-as-a-service platform that delivers digital banking, payments, and embedded finance solutions across Southeast Asia and emerging markets [5]. - The company is expanding into AI-driven finance and crypto-enabled treasury solutions, indicating a forward-looking approach to financial technology [5]. - D. Boral Capital is a global investment bank dedicated to providing strategic advisory and tailored financial solutions to middle-market and emerging growth companies [6].
DigiAsia Launches $100 Million Bitcoin Treasury Initiative and Begins Shortlisting Investment Banks for Capital Raise
Newsfile· 2025-05-27 12:08
Group 1 - DigiAsia Corp is launching a $100 million Bitcoin treasury initiative to enhance its Bitcoin reserves and strengthen its position in digital asset management [1][2] - The company is in the process of shortlisting investment banks to assist in the capital raise, with a lead bank expected to be appointed soon [1][2] - This initiative is part of a broader strategy to accelerate institutional Bitcoin acquisition and is one of the largest corporate crypto treasury efforts announced in 2025 [2][3] Group 2 - DigiAsia plans to begin initial Bitcoin purchases in Q3 2025 and will provide updates on the capital raise and acquisition milestones in the near future [3] - The selected investment bank will help structure a multi-channel capital raise, including equity-linked offerings and convertible note structures for institutional investors [5] - The initiative aims to create shareholder value through Bitcoin capital appreciation and regulated yield generation [2][5] Group 3 - DigiAsia operates as a fintech-as-a-service provider, focusing on emerging markets and offering APIs for SMEs to integrate financial services [4] - The company is expanding AI-driven financial solutions across Southeast Asia, India, and the Middle East [4]