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 Friday.
The Kuala Lumpur, Malaysia-based company now plans to raise $12 million by offering 2 million shares at a price range of $5 to $7. The company had previously filed to offer 1.7 million shares at the same price range. At the revised deal size, AsiaFIN Holdings will raise 20% more in proceeds than previously anticipated and command a market cap of $94 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.
