DigiAsia Corp (FAAS) Announces $6 Million AI Platform Licensing Agreement with Nowigence Inc. for MENA and North American Markets

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].