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DigiAsia Corp (FAAS) Announces $2 Million Convertible Note Financing with CXI Valley II LLC to Support Corporate Growth
Newsfile· 2025-08-04 12:00
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].
DigiAsia Boosts Mobile Wallet Security with AI Fraud Detection, Approved by Bank Indonesia
Newsfile· 2025-05-13 13:30
Core Insights - DigiAsia Corp. has fully deployed its AI-powered Fraud Detection System across its mobile wallet services, enhancing transaction security and regulatory compliance [1][2][7] - The system has received approval from Bank Indonesia, indicating its effectiveness in meeting regulatory standards [1][7] - Prominent partners, including Home Credit, Tokopedia, and Citibank, have recognized the positive impact of this technology on their operations [2] Company Overview - DigiAsia Corp. operates as a Fintech-as-a-Service (FaaS) provider, focusing on B2B2X models in emerging markets [4] - The company offers a range of financial services, including cashless payments, digital wallets, and digital banking, aimed at driving financial inclusion [4] - DigiAsia is expanding its AI-powered solutions across Southeast Asia, India, and the Middle East [4] Technology and Security Enhancements - The AI-driven security system utilizes advanced algorithms for real-time transaction analysis, identifying fraudulent patterns and minimizing false positives [7] - The infrastructure is scalable, leveraging GPU technology to handle high transaction volumes and adapt to new fraud tactics [7] - The system enhances regulatory compliance, particularly in transaction monitoring and anti-money laundering efforts [7] Strategic Partnerships and Investments - The integration of the advanced security solution has increased trust among DigiAsia's B2B partners, such as PT Kereta Api Indonesia and Adira Finance [7] - Mastercard's strategic investment in DigiAsia underscores the potential of its technology to transform digital finance in emerging markets [7]