Fintech Asia float on the Main Market of the LSE
Fintech Asia was incorporated on 28 May 2021 to undertake the acquisition of one or more companies or businesses in the Fintech sector, that offer new technologies that seek to improve and automate the delivery and use of financial services, primarily targeting the Asia-Pacific region.
Fintech describes the ecosystem of companies that apply technological innovation such as data and analytics, software, artificial intelligence or mobile technology to disrupt and/or improve the financial services industry. These companies can be existing financial or technology firms developing in this area, or companies specifically created to focus on financial technologies.
Technological transformation is changing many aspects of how people live and work, in particular financial services. Innovations in financial technology like mobile banking, digital payments and blockchain are taking us into a new era of disruption.
The global fintech market was estimated to be worth US$127 billion in 2018 and it is anticipated to grow at a CAGR of 24.8% reaching a market value of US$310 billion by 2022, according to a white paper by Infobip.
Admission to trading on the Main Market of the LSE
On 15th September 2022, dealings commenced by way of a Placement of 3,010,000 ordinary shares at £0.50 per ordinary share, with net proceeds of £841,845.
The Perivan shareholder communications team were delighted to work with Strand Hanson on the publication of the 101-page prospectus.
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Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.