- DigiAsia (NASDAQ:FAAS) signed a $2M convertible note agreement with CXI Valley II on July 13, 2025.
- Funding is expected in early August 2025.
- Proceeds will be used for general corporate purposes and strategic growth initiatives.
- The financing will support enhancements in embedded finance and digital payments’ infrastructure.
- Funds will also back expansion of API-based products and regulated market development.
- FAAS shares up nearly 3% premarket on Monday.
- Source: Press release
