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AsiaFIN Holdings Corp. (ASFH) is a financial ecosystem enabler that recently uplisted from the OTC Pink Sheets to the OTCQB Venture Market. This move aims to enhance transparency and provide high-quality trading for investors. The company is focusing on investor relations and public relations to boost brand visibility and market liquidity. With a commitment to organic growth and strategic mergers and acquisitions, AsiaFIN is poised for expansion across Asia and beyond.
ACF Equity Research has initiated coverage on AsiaFIN Holdings Corp. (OTCQB:ASFH), a fintech solutions provider in ASEAN. ASFH offers Robotic Process Automation (RPA), Regulatory Technology (RegTech), AI-driven cheque processing, and ESG reporting services. The company is pursuing aggressive growth through organic expansion, partnerships, and acquisitions, with plans for a senior exchange uplist.
Key highlights:
- ASFH serves 20 RegTech financial institutions, >60 banks, and >100 corporations
- Gross margins of 35%, expected to rise to >50%
- YE23A revenue of US$3.1m with positive free cash flow and US$115k earnings before tax
- Projected 3x revenue increase and 11x EBITDA increase by 2025
- Large market opportunities in digital payments, RegTech, and RPA in Southeast Asia
AsiaFIN Holdings Corp. (ASFH), listed on the OTC-QB venture market, has released its 2023 annual report highlighting robust financial growth and significant strategic initiatives. The company reported a revenue increase to US$3.1 million, positive free cash flow, and earnings before tax of US$115k. AsiaFIN's net asset position stands at US$2.26 million, signaling financial stability. Following key acquisitions, AsiaFIN is focused on expanding within ASEAN and new territories including the Middle East, Europe, and the US. A recent joint venture in Thailand aims to bolster growth in Robotic Process Automation (RPA). CEO KC Wong attributes the success to dedicated developers and innovative R&D products. The company is also anticipated to pursue a Nasdaq listing and IPO.
AsiaFIN Holdings Corp. (OTC PINK: ASFH) announced the completion of its acquisition of StarFIN Holdings Limited and its subsidiaries on March 6, 2023. The acquisition, originally announced on December 23, 2022, involved the issuance of 8,232,038 common stocks to StarFIN shareholders. StarFIN reported revenues of US$3,161,892 in 2021 and US$2,854,319 in 2022, with net profits declining from US$430,738 to US$320,040 during the same period. AsiaFIN aims to expand its market presence and enhance service offerings in the Asia region, focusing on innovative financial solutions.
AsiaFIN Holdings Corp. (OTC PINK:ASFH) announced the acquisition of StarFIN Holdings Limited and its subsidiaries including StarFIN Asia Sdn Bhd, Insite MY Systems Sdn Bhd, Insite MY Innovations Sdn Bhd, OrangeFIN Asia Sdn Bhd, and OrangeFIN Academy Sdn Bhd. The acquisition involves issuing 8,232,038 new restricted common shares at USD 1.10 per share. StarFIN's extensive customer base in Asia includes over 60 key customers and more than 100 customers for OrangeFIN. This move aims to strengthen AsiaFIN's presence in the Payment Processing and Robotic Process Automation markets.
SEATech Ventures Corp announced that its incubatee AsiaFIN Holdings Corp has commenced public trading under ticker ASFH on the OTC market, starting on August 12, 2022, at USD 1.20 per share, leading to a market cap of approximately USD 88 million. SEATech holds 10 million shares in AsiaFIN. The company aims to incubate more Southeast Asian startups to develop future unicorns. Other incubatees, including JOCOM and catTHIS, have filed for S-1 registration to seek public listing. SEATech's investment strategy supports the growth of tech startups in Southeast Asia.
AsiaFIN Holdings Corp. (OTC PINK:ASFH) announced the commencement of trading of its common stocks on the US OTC Market as of August 11, 2022, closing at USD1.20 per share, resulting in a market capitalization of approximately USD88 Million.
CEO Wong Kai Cheong emphasized that this milestone will create new business opportunities both locally and internationally, as the company aims to evolve towards becoming a FinTech Unicorn.
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