DigiAsia Bios Pte Ltd ("DigiAsia"), an embeddable "Fintech-as-a-Service" (FaaS) company from Indonesia, has signed a binding business combination agreement with StoneBridge Acquisition Corporation, an Asia-Pacific focused publicly traded special purpose acquisition company (SPAC). The combined business will be known as DigiAsia and trade on The Nasdaq Stock Market under the ticker symbol "FAAS" once the Transaction is complete.
DigiAsia, a pioneer in embedded Fintech and Banking in Indonesia, was founded in 2017 in Jakarta by Alexander Rusli and Prashant Gokarn. It is committed to addressing all financial industry-related issues and is focused on expanding to a sizable total addressable market (TAM) of $245 billion.
DigiAsia Bios Pte Ltd ("DigiAsia"), an embeddable "Fintech-as-a-Service" (FaaS) company from Indonesia, has signed a binding business combination agreement with StoneBridge Acquisition Corporation. DigiAsia is accelerating financial inclusion through its licences and technology stack by providing Embedded Fintech solutions to B2B2M (Business to Business to Merchants) and B2B2C (Business to Business to Consumers) such as mobile wallets, card issuance, bill payments, cash management, supply chain payments, and lending, among others. Fintech licences are used by the company to provide services such as peer-to-peer lending, remittances, digital wallets and payments, banking as a service, and other digital financial services.
DigiAsia is Indonesia's only Mastercard partner, alongside Western Union, Bukalapak, Starbucks, Garuda Indonesia, Semen Indonesia, KaiPay, eFishery, and Home Credit.