Fintech as a Service (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].