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Announced

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

Synopsis

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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