DigiAsia Corp. Announces YoY Transaction Volume Growth of 74% Keeping with its Strong Growth Trajectory
DigiAsia Corp. (NASDAQ: FAAS), a leading Fintech as a Service ecosystem provider, has reported significant growth in key performance indicators for the full year 2023. The company achieved 7.85 billion transactions, marking a 74% year-over-year increase from 4.5 billion in 2022. Gross transaction value reached $3.625 billion, up from $2.1 billion in 2022. DigiAsia's merchant base expanded to 1 million, a 31.5% growth from 760,100 at the end of 2022. The company also saw a 40% increase in Enterprise Payment and Banking Partners on its platform compared to 48 customers in 2022. Notably, DigiAsia has moved into operational profitability, indicating improved financial performance.
DigiAsia Corp. (NASDAQ: FAAS), un fornitore leader nel settore del Fintech as a Service, ha riportato una crescita significativa nei principali indicatori di performance per l'intero anno 2023. L'azienda ha raggiunto 7,85 miliardi di transazioni, segnando un 74% di aumento rispetto all'anno precedente, rispetto ai 4,5 miliardi del 2022. Il valore lordo delle transazioni ha raggiunto $3,625 miliardi, in aumento rispetto ai $2,1 miliardi del 2022. La base di commercianti di DigiAsia è cresciuta fino a 1 milione, un incremento del 31,5% rispetto ai 760.100 a fine 2022. L'azienda ha anche registrato un aumento del 40% nei Partner di Pagamento e Banca Enterprise sulla sua piattaforma, rispetto ai 48 clienti del 2022. È importante notare che DigiAsia ha raggiunto la redditività operativa, indicando un miglioramento delle performance finanziarie.
DigiAsia Corp. (NASDAQ: FAAS), un proveedor líder en el ecosistema de Fintech as a Service, ha reportado un crecimiento significativo en los indicadores clave de rendimiento para el año completo 2023. La compañía logró 7.85 mil millones de transacciones, marcando un incremento del 74% interanual respecto a 4.5 mil millones en 2022. El valor bruto de las transacciones alcanzó $3.625 mil millones, aumentando desde los $2.1 mil millones en 2022. La base de comerciantes de DigiAsia se expandió a 1 millón, un crecimiento del 31.5% respecto a los 760,100 a finales de 2022. La empresa también vio un incremento del 40% en los Socios de Pagos y Banca Empresarial en su plataforma en comparación con 48 clientes en 2022. Cabe destacar que DigiAsia ha logrado rentabilidad operativa, lo que indica una mejora en la performance financiera.
DigiAsia Corp. (NASDAQ: FAAS)는 Fintech as a Service 생태계의 선도업체로 2023년 전체 연도의 주요 성과 지표에서 significant한 성장을 보고했습니다. 회사는 78억 5천만 건의 거래를 달성했으며, 이는 2022년의 45억 건에 비해 연평균 74% 증가한 수치입니다. 총 거래 가치는 $36억 2천5백만으로, 2022년에 비해 증가했습니다. DigiAsia의 상인 기반은 100만으로 확대되어 2022년 말의 760,100 대비 31.5% 성장했습니다. 또한, 회사는 2022년 48명의 고객에 비해 플랫폼에서 엔터프라이즈 결제 및 은행 파트너 수가 40% 증가했습니다. 특히 DigiAsia는 운영 수익성을 달성하여 재무 성과가 개선되었음을 나타내고 있습니다.
DigiAsia Corp. (NASDAQ: FAAS), un fournisseur leader dans l'écosystème Fintech as a Service, a rapporté une croissance significative des indicateurs de performance clés pour l'année complète 2023. La société a réalisé 7,85 milliards de transactions, marquant une augmentation de 74% d'une année sur l'autre par rapport à 4,5 milliards en 2022. La valeur brute des transactions a atteint 3,625 milliards de dollars, en hausse par rapport à 2,1 milliards de dollars en 2022. La base de commerçants de DigiAsia s'est élargie à 1 million, soit une croissance de 31,5% par rapport à 760,100 à la fin de 2022. L'entreprise a également enregistré une augmentation de 40% des Partenaires de Paiement et de Banque Entreprise sur sa plateforme par rapport à 48 clients en 2022. Notamment, DigiAsia a atteint la rentabilité opérationnelle, indiquant une amélioration des performances financières.
DigiAsia Corp. (NASDAQ: FAAS), ein führender Anbieter von Fintech as a Service-Ökosystemen, hat für das gesamte Jahr 2023 ein signifikantes Wachstum der wichtigsten Leistungsindikatoren berichtet. Das Unternehmen verzeichnete 7,85 Milliarden Transaktionen, was einen Zuwachs von 74% im Vergleich zum Vorjahr von 4,5 Milliarden im Jahr 2022 bedeutet. Der Bruttotransaktionswert erreichte 3,625 Milliarden USD, ein Anstieg von 2,1 Milliarden USD im Jahr 2022. Die Händlerbasis von DigiAsia wuchs auf 1 Million, ein Wachstum von 31,5% gegenüber 760.100 Ende 2022. Das Unternehmen verzeichnete auch einen 40% Anstieg der Unternehmenszahlungen und Bankpartner auf seiner Plattform im Vergleich zu 48 Kunden im Jahr 2022. Bemerkenswerterweise hat DigiAsia die operative Rentabilität erreicht, was auf eine verbesserte finanzielle Leistung hinweist.
- 74% year-over-year increase in transaction volume, reaching 7.85 billion transactions in 2023
- 72.6% growth in gross transaction value, reaching $3.625 billion in 2023
- 31.5% increase in merchant base, totaling 1 million merchants
- 40% growth in Enterprise Payment and Banking Partners
- Company achieved operational profitability
- None.
The significant year-over-year (YoY) growth in transaction volume and gross transaction value indicates that DigiAsia Corp. is thriving in the fintech industry. A
A 31.5% increase in the number of merchants on the platform is noteworthy as it expands DigiAsia's customer base, potentially leading to higher recurring revenues. Additionally, a
DigiAsia's impressive growth in key metrics suggests a strong competitive position in the fintech sector. The significant increase in transaction volume and gross transaction value demonstrates that the company's platform is gaining traction, likely due to enhanced user experience and expanded service offerings. The addition of new merchants and enterprise partners also indicates an effective go-to-market strategy, where DigiAsia is successfully attracting and retaining key business customers.
This growth trend is indicative of a well-executed business strategy, leveraging the increasing adoption of fintech solutions. The company's ability to manage such rapid scale-up without compromising profitability is a strong testament to its operational robustness and market fit. Investors should consider the long-term potential of DigiAsia, given its proven ability to grow and adapt in a dynamic market environment.
The growth metrics reported by DigiAsia Corp. highlight the scalability and robustness of its fintech platform. Handling 7.85 billion transactions annually without technical issues reflects solid infrastructure and system reliability. The company's ability to onboard an increasing number of merchants, now totaling 1 million and a
From a technical standpoint, this growth trajectory may also reflect significant upgrades in backend systems and analytics, enabling better decision-making and user experience. As fintech services become more integrated into daily transactions, DigiAsia's platform stands out for its scalability and technological adaptability. This underpins its competitive edge and value proposition in the fintech market, making it an attractive consideration for investors seeking exposure to technology-driven growth.
~ Company Moves into Operational Profitability
NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- DigiAsia Corp. (NASDAQ: FAAS) (“DigiAsia” or the “Company”), a leading Fintech as a Service (“FaaS”) ecosystem provider, today announced key growth highlights of the following KPIs:
- 7.85 billion transactions¹ for the full year 2023, compared to 4.1 billion transactions in the first half of 2023 and 4.5 billion transactions during the full year 2022
$3.62 5 billion gross transaction value for the full year 2023, compared to$1.6 billion in the first half of 2023 and$2.1 billion gross transaction value in the full year 2022- 1 million total merchants on the platform, growth of
31.5% , compared to 760,100 merchants at the end of 2022 40% increase in Enterprise Payment and Banking Partners on the platform, up significantly compared to 48 customers in 2022
Forward-Looking Statements:
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning DigiAsia and the Company’s operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. DigiAsia cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world including those discussed in DigiAsia’s Form 20-F under the headings “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and DigiAsia specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.
DigiAsia Company Contact:
Subir Lohani
Chief Financial Officer and Chief Strategy Officer
646-480-0142
Investor Contact:
MZ North America
Email: FAAS@mzgroup.us
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¹ Includes # of API hits
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