Indonesian B2B fintech startup DigiAsia Bios is gearing up to expand to other Southeast Asian countries with similar demographics and regulations, including Vietnam, Cambodia, and the Philippines, after its combination with a special purpose acquisition company (SPAC) and Nasdaq listing this year, a senior executive said.
In an interaction with DealStreetAsia, Alexander Rusli, founder of DigiAsia, said the company plans to complete the business combination with StoneBridge Acquisition Corporation, a publicly traded SPAC, this April and raise around $200 million. The money will allow DigiAsia to grow inorganically.