Malaysian fintech AsiaFIN Holdings sets terms for $10 million NYSE American uplisting
April 28, 2026 News
Malaysian fintech AsiaFIN Holdings revises terms, changes underwriter ahead of $19 million US IPO
AsiaFIN Holdings, a Malaysian provider of payment and automation software in Asia and the Middle East, raised the proposed deal size for its upcoming IPO on Tuesday.
The Kuala Lumpur, Malaysia-based company now plans to raise $19 million by offering 3.8 million shares at a price range of $4 to $6. The company had most recently filed to offer 2 million shares at a price range of $5 to $7.
IPO Overview
AsiaFIN Holdings, which offers fintech and automation solutions across Asia and the Middle East, announced terms for its IPO on the NYSE American on Tuesday. The company is currently listed on the OTC under the symbol “ASFH”。
The Kuala Lumpur, Malaysia-based company plans to raise $10 million by offering 1.7 million shares at a price range of $5 to $7. At the midpoint of the proposed range, AsiaFIN Holdings would command a market cap of $92 million.
AsiaFIN Holdings provides fintech system solutions in nine countries across Asia and Saudi Arabia. Its offerings include payment processing, its RegTech platform, and an AI-powered Robotic Process Automation platform. Through multiple subsidiaries and associated companies, it delivers compliance, automation, and software services to regulatory agencies, financial institutions, and various private enterprises.
AsiaFIN Holdings was founded in 2019 and booked $4 million in revenue for the 12 months ended September 30, 2025. It plans to list on the NYSE American under the symbol ASFH. Bancroft Capital is the sole bookrunner on the deal.
About the Company
We operate through our wholly owned subsidiaries by offering a range of system solutions in payment processing, RPA, and RegTech to financial institutions, regulatory agencies, professional service providers and private enterprises from various industries, with existing clients in the Asia region and Saudi Arabia. Our subsidiary, SFHL, has over 90 bank customers for payment processing and RegTech, and our RPA solution system has more than 100 customers in Asia and Saudi Arabia. We have our own web-based payment processing system for check clearing used in central banks, financial institutions and payment system providers. This image-based check truncation system (CTS) is similar to the one used in the United States of America, under the CHECK21 standards. Our CTS systems are sold in Malaysia, Singapore, Indonesia, Philippines, Myanmar, Thailand, Pakistan, Bangladesh and in Saudi Arabia. We also have a ISO20022 compliant payment gateway solution for central bank and financial institutions that is capable of supporting the Straight Through Processing (STP) of all types of payment transactions (including SWIFT, Real-Time Gross Settlement (RTGS), GIRO (NACHA standards) and Fast and Secure Transfers (FAST) payment and extendable to interface with various types of payment gateways. Our STP payment gateway solutions are sold in Malaysia, Myanmar and Indonesia.