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New Deal


Announced

DigiAsia to go public via merger with StoneBridge Acquisition in a $500m deal.

Financials

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Transaction Value£413m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Merger

Acquisition

Pending

Majority

De-SPAC

FinTech

fintech solutions

fintech company

fintech

financial sercives

information technology

information services

Indonesia

Private

Reverse Takeover

Cross Border

Single Bidder

Synopsis

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DigiAsia, a financial services information technology company located in Jakarta, agreed to go public via merger with StoneBridge Acquisition, an Asia-Pacific focussed publicly traded special purpose acquisition company, in a $500m deal. "DigiAsia's vision is to be an active part of the digital revolution of Indonesia by enabling financial services - lending, payments, remittances and mass low cost banking - to all individuals and businesses, irrespective of their size or socioeconomic status. We are also very proud to be working with Mastercard to build on our existing offering in order to increase financial inclusion in Indonesia," Prashant Gokarn, DigiAsia Co-CEO.

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