Welcome to our dedicated page for Asiafin Holdings news (Ticker: ASFH), a resource for investors and traders seeking the latest updates and insights on Asiafin Holdings stock.
AsiaFIN Holdings Corp (OTCQB: ASFH) is a leading fintech enabler providing payment processing, regulatory technology (RegTech), and robotic process automation solutions across Southeast Asia. This dedicated news hub offers investors and industry professionals centralized access to official announcements, strategic developments, and operational updates.
Discover real-time insights into ASFH's partnerships, product innovations, and market expansion efforts. Our curated repository includes earnings reports, acquisition announcements, regulatory compliance milestones, and technology launches – all critical for understanding the company's role in advancing financial ecosystems.
Key updates cover three core service areas: digital payment infrastructure enhancements, RegTech solutions for evolving compliance requirements, and automation technologies streamlining financial operations. Bookmark this page to monitor ASFH's progress in bridging traditional finance with cutting-edge fintech applications across ASEAN markets.
AsiaFIN Holdings Corp. (OTCQB:ASFH) reported its full year 2024 financial results, showing mixed performance. Revenue increased 8.8% to $3.382 million from $3.110 million in 2023. The company's net cash flow from operations improved to $0.343 million, compared to $(0.211) million in 2023.
Key financial metrics include:
- Cash and equivalents of $1.310 million (up from $1.234 million)
- Gross profit of $1.424 million (slight increase from $1.401 million)
- EBITDA declined to $0.105 million (from $0.268 million)
- Net loss of $(0.144) million (compared to $0.019 million profit in 2023)
The company launched a new Regulatory Technology product in Malaysia and reported improved gross margins in its Regtech unit. While investing heavily in its Robotic Process Automation division, which experienced increased costs but is viewed as a future value driver.
AsiaFIN Holdings Corp (OTCQB:ASFH), a fintech financial ecosystem enabler, has scheduled its Q4 and full year 2024 earnings release for March 24, 2025, after U.S. market close. The company will host an earnings webcast on March 25, 2025, at 8:30 AM Eastern Time to discuss financial results in detail.
The management team will conduct a presentation followed by a Q&A session. Interested participants must register by emailing investor.relations@asiafingroup.com with their details. Registrants will receive a Microsoft Teams webcast link within 12 hours. A replay and transcript will be available on the company's website within 24 hours after the event.
AsiaFIN Holdings Corp (OTCQB:ASFH), a fintech financial ecosystem enabler, has announced its participation in The Microcap Conference 2025. The event will be held from January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ. During the conference, ASFH's management team will deliver a corporate presentation and conduct one-on-one meetings with institutional and individual investors to discuss the company's recent developments and growth strategy.
AsiaFIN Holdings Corp. (OTCQB:ASFH) has released its Q3 2024 financial results, showcasing substantial growth. The company reported a 15.5% increase in revenue and a remarkable 141.5% rise in net profit year-over-year. These improvements are attributed to operational efficiency and strategic cost management.
The quarter featured significant investments in technology and infrastructure, particularly in AI-driven automation (RPA) and Regtech including ESG compliance reporting. The company has also announced plans to uplist to a main market in the United States to enhance visibility and access to capital markets. An investor call/webinar is scheduled for December 12, 2024, at 15:00 Malaysia Time to discuss results and 2025 outlook.
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.
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