Treasure (US:TGL) Globenewswire·2025-11-20 15:10Core Insights - Treasure Global Inc. has acquired Quarters Elite Advisory Sdn Bhd, enhancing its OXI Wallet commercialization strategy and expanding its client base in Southeast Asia [1][4][6] Group 1: Acquisition Details - Quarters Elite manages approximately USD 150 million in client assets and has a network of over 350 financial consultants serving nearly 3,000 clients [1][7] - The acquisition is expected to create a long-term revenue opportunity of up to USD 150 million by leveraging Quarters Elite's advisory expertise across various segments [2][4] Group 2: Strategic Benefits - Quarters Elite will act as the marketing and distribution arm for OXI Wallet, providing a cost-effective channel for user acquisition and onboarding [3][4] - The integration is anticipated to significantly reduce customer acquisition costs compared to digital-only channels, enhancing Treasure Global's market presence [3][4] Group 3: Financial Projections - The combined ecosystem aims to support rapid scale, increased transaction velocity, and stronger revenue visibility for OXI Wallet, which is set to launch in the first half of 2026 [4][5] - The acquisition structure includes overriding commissions and performance-based incentives from revenue generated through Quarters Elite's activities, supporting recurring income and long-term margin expansion [4][5] Group 4: Company Background - Treasure Global is a technology solutions provider based in Malaysia, focusing on digital transformation in retail and services, with its flagship product being the ZCITY Super App [8] - As of June 2025, ZCITY has attracted over 2.7 million registered users, positioning the company as a key player in Malaysia's digital economy [8]