PayMate to Acquire Fintech-as-a-Service (FaaS) Company DigiAsia Bios for $400M, Plans Indian Market Listing
Portfolio Pulse from Benzinga Newsdesk
PayMate India plans to acquire DigiAsia Bios, a subsidiary of DigiAsia Corporation (NASDAQ:FAAS), for $400M. The acquisition aims to expand PayMate's fintech services and is followed by a planned listing in India.
September 24, 2024 | 11:07 am
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POSITIVE IMPACT
DigiAsia Corporation, listed on NASDAQ as FAAS, is set to sell its subsidiary DigiAsia Bios to PayMate India for $400M. This acquisition could positively impact FAAS's stock due to the significant valuation and potential cash influx.
The acquisition of DigiAsia Bios by PayMate for $400M is a significant transaction for DigiAsia Corporation. The valuation and potential cash influx from the sale could positively influence FAAS's stock price. The news is highly relevant to FAAS as it directly involves its subsidiary.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80