Latest news with #DigiAsiaCorp
Yahoo
21-05-2025
- Business
- Yahoo
Nasdaq-Listed DigiAsia Plans to Raise $100M for Bitcoin Buys
DigiAsia Corp (FAAS) plans to raise up to $100 million to seed a bitcoin treasury reserve (BTC), joining a growing list of publicly traded companies looking to diversify their corporate balance sheets with bitcoin. The announcement on Monday (which emphasized plans rather than executed actions) helped push DigiAsia's shares up 91% during regular trading to 36 cents, before pulling back 22% after hours. The stock is still down more than 50% year-to-date. The company said its board had approved a strategy to allocate up to 50% of future net profits toward BTC purchases and was 'actively exploring' a capital raise of up to $100 million, according to a press release. It also plans to pursue yield-generating strategies on its bitcoin holdings, including institutional lending and staking through regulated partners. 'We believe bitcoin represents a compelling long-term investment and a foundational layer for modern treasury diversification,' said Prashant Gokarn, Co-CEO of DigiAsia, in the release. The firm added that it was evaluating financing methods such as convertible notes and crypto-linked instruments to support the initiative. In an April update, DigiAsia reported $101 million in revenue for 2024, with projected earnings before interest and taxes of $12 million this year. Whether DigiAsia follows through on its BTC purchases remains to be seen. But the signal alone has been enough to give the fintech a short-term boost on Wall Street. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
DigiAsia Boosts Mobile Wallet Security with AI Fraud Detection, Approved by Bank Indonesia
Jakarta, Indonesia--(Newsfile Corp. - May 13, 2025) - DigiAsia Corp. (NASDAQ: FAAS) ("DigiAsia" or the "Company"), Indonesia's leading Fintech-as-a-Service (FaaS) provider and a strategic investment of Mastercard, announced the full deployment of its proprietary AI-powered Fraud Detection System across its mobile wallet services. This crucial system, approved by Bank Indonesia, the central regulatory authority, now delivers real-time, adaptive security for transactions within DigiAsia's extensive partner network, building on a successful initial rollout. This implementation significantly strengthens DigiAsia's commitment to secure digital transactions and stringent regulatory compliance, utilizing advanced AI and machine learning. Prominent enterprise clients and partners, including Home Credit, Tokopedia, and Citibank, have already acknowledged the positive impact of this technology. Key Investor Highlights: AI-Driven Security: The system employs sophisticated AI and machine learning algorithms for real-time analysis of transaction data, proactively identifying fraudulent patterns and anomalies. Continuous learning enhances detection accuracy and minimizes false positives. Scalable Infrastructure: Leveraging ongoing GPU technology partnerships, the system efficiently processes high transaction volumes and adapts swiftly to new fraud tactics. Enhanced Regulatory Compliance: Bank Indonesia's approval underscores the system's effectiveness in bolstering DigiAsia's adherence to transaction monitoring and anti-money laundering regulations. Increased Partner Confidence: The integration of this advanced security solution has fostered greater trust among DigiAsia's B2B partners, including PT Kereta Api Indonesia and Adira Finance, who benefit from enhanced transaction integrity. Strategic Investment by Mastercard: Mastercard's strategic investment validates DigiAsia's innovative technology and its potential to transform digital finance in emerging markets, providing valuable resources and expertise for accelerated growth. About DigiAsia Corp. DigiAsia Corp. (NASDAQ: FAAS) is a Fintech-as-a-Service (FaaS) provider operating a B2B2X model across emerging markets. DigiAsia's embedded finance APIs empower SMEs with seamless financial service integration. DigiAsia's solutions drive financial inclusion. Offerings include cashless payments, digital wallets, and digital banking. DigiAsia is expanding its AI-powered FaaS solutions across Southeast Asia, India, and the Middle East. Forward-Looking Statement: This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995, identified by words like "believe," "expect," or "will." These statements, including DigiAsia's operations and financial performance, involve risks and uncertainties (e.g., regulations, competition, economic conditions) detailed in our SEC filings. Actual results may differ. We disclaim any obligation to update these statements, except as required by law. Contact: Prabhu Anthony, prabhu@ To view the source version of this press release, please visit
