DigiAsia Corp (FAAS) Announces $2 Million Convertible Note Financing with CXI Valley II LLC to Support Corporate Growth

Core Viewpoint - DigiAsia Corp has announced a $2 million convertible note financing agreement with CXI Valley II LLC to support its corporate growth and enhance liquidity [1][4]. Financing Details - The Securities Purchase Agreement was executed on July 13, 2025, with funding expected in early August [2]. - The note is convertible into ordinary shares of DigiAsia as per the terms outlined in the Company's Form 6-K filed with the SEC [2]. Use of Proceeds - The net proceeds from the financing will be used for general corporate purposes as the company continues to execute its strategic growth plans [3]. Strategic Significance - This financing improves DigiAsia's liquidity and provides flexibility to advance its business objectives, including expanding its embedded finance platform and broadening market reach [4][8]. - Prashant Gokarn, Co-CEO of DigiAsia, emphasized the importance of this financing in strengthening the company's liquidity position [4]. Company Overview - DigiAsia Corp is a Nasdaq-listed Fintech-as-a-Service platform that delivers embedded finance APIs, AI-driven payments, digital banking, and blockchain-compatible financial infrastructure [5]. - The company operates across emerging markets, enabling enterprises, fintechs, and digital platforms to embed regulated financial services directly into customer experiences [5].