AsiaFIN Holdings Corp.

Core business and offerings

AsiaFIN provides information technology and fintech solutions through its subsidiaries and affiliates.

• Payment processing (Fintech)

  • Owns a web-based payment processing system for check clearing (image-based CTS) used by central banks, financial institutions, and payment system providers.
  • ISO20022-compliant payment gateway capable of Straight Through Processing (STP) for SWIFT, RTGS, NACHA/GIRO, FAST, and other gateways; expandable to additional payment gateways.
  • Markets: Malaysia, Singapore, Indonesia, Philippines, Myanmar, Thailand, Pakistan, Bangladesh, and Saudi Arabia. STP gateway sold in Malaysia, Myanmar, and Indonesia.

• Regulatory technology (RegTech)

  • Platform for financial statistic reporting, credit risk exposure/analysis, risk management, FATCA, CRS, external sector reporting, GST, and e-invoicing for large corporations.
  • ESG-focused RegTech SaaS for Environmental, Social and Governance reporting and consultancy.
  • Used by over 54 financial institutions and 61 large corporations.

• Robotic process automation (RPA)

  • AI-based RPA software for data capture, document processing, and regulatory screening (AML, FATCA, CRS, ESG reporting).
  • Includes identity document data extraction with OCR, automatic form filling, and screening against financial institution databases for compliance.
  • Operations in Asia and Saudi Arabia. A joint venture (KSP AsiaFIN Co., Ltd.) adapted the RPA solution into Thai.

The company expands capabilities through joint ventures and collaborations across Asia and other regions (Nordic countries, KSA, Australia, US).

Corporate history and structure

• Incorporated in Nevada on June 14, 2019.

• Initial leadership:

  • Kai Cheong Wong — CEO/President/Secretary/Treasurer/Director (appointed June 14, 2019)
  • Kok Wah Seah — Director (appointed September 18, 2020)

• Acquisition:

  • On December 22, 2022, AsiaFIN acquired StarFIN Holdings Limited (SFHL), a British Virgin Islands company, issuing 8,232,038 AsiaFIN common shares at $1.10 per share (total value $9,055,242).
  • SFHL acquisition closed on February 23, 2023. Post-acquisition, Kai Cheong Wong serves in multiple executive and director roles, including SFHL director.

• Corporate organization (selected subsidiaries and associates):

  • Subsidiaries:
    • AsiaFIN Labuan (Investment Holdings) — Labuan
    • AsiaFIN Hong Kong (Investment Holdings Limited) — Hong Kong
    • StarFIN — British Virgin Islands (holding company)
    • Insite Malaysia Holdings Sdn Bhd (FKA StarFIN Asia Sdn Bhd) — Malaysia
    • OrangeFIN Malaysia Sdn Bhd (FKA Insite MY.Com Sdn Bhd) — Malaysia
    • Insite Malaysia Sdn Bhd (Provision MY Systems Sdn Bhd) — Malaysia
    • Insite Malaysia Sdn Bhd (Provision MY Innovations Sdn Bhd) — Malaysia
    • OrangeFIN Malaysia Sdn Bhd (Provision Asia Sdn Bhd) — Malaysia
    • TellUS Report Sdn Bhd — Malaysia
  • Associates:
    • Murni StarFIN Sdn Bhd — Malaysia (AsiaFIN beneficially owns 40%)
    • KSP AsiaFIN Co., Ltd. (FKA KSP StarFIN Co., Ltd.) — Thailand (AsiaFIN beneficially owns 49%)
  • Joint venture:
    • KSP AsiaFIN Co., Ltd. formed with KSP GreenPro Ltd to operate as KSP AsiaFIN Ltd for the Thailand and Laos markets.
  • Note on ownership:
    • Mr. Wong, Swee Ping Hoo, and Cham Hui Yin held a combined portion of AsiaFIN common stock prior to and through the SFHL acquisition.

Employees and facilities

• Employees: 129 full-time employees as of December 31, 2025.

  • Management: 4
  • Analyst programmers: 44
  • Project managers and quality assurance: 55
  • Sales and marketing: 12
  • Administration, human resources, and finance: 14

• Offices (leased) — Kuala Lumpur, Malaysia:

  • Suite 30.01, 30th Floor, Menara KH (Promet)
  • Suite 30.02, 30th Floor, Menara KH (Promet) — Executive office
  • Unit 17-11, Level 17, Tower A, Vertical Business Suites

• Owned office (Kuala Lumpur):

  • A2-17-1, St Mary Residence, Jalan Tengah

The company operates primarily from its Kuala Lumpur offices.

Market position and customers

• SFHL has over 90 bank customers for payment processing and RegTech services.
• The RPA solution serves more than 100 customers across Asia and Saudi Arabia.
• The RegTech platform is used by 54 financial institutions and 61 large corporations.
• Existing clients are concentrated in Asia, with expansion plans into the Middle East (KSA) and other regions.

Regulatory, legal, and IP framework

• Malaysia

  • Personal Data Protection Act 2010 (PDPA 2010) — penalties up to RM1,000,000 and potential imprisonment; appointment of a Data Protection Officer is required under certain thresholds (not currently met by AsiaFIN).
  • Intellectual property: Patents, trademarks, and copyright protections via MYIPO; several trademarks registered or in process (5 registered, 2 in process).
  • Tax: Digital tax provisions (6% service tax on foreign digital services) with exemptions for certain digital payment services by local non-bank providers.
  • Employment and safety: Occupational Safety and Health Act (OSHA 1994) and related obligations; employee social security obligations (EPF, SOCSO).

• Hong Kong

  • Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) governing customer due diligence and record-keeping for financial institutions.
  • Intellectual property protections via Hong Kong IP framework (patents, trademarks, copyright).
  • Personal Data (Privacy) Ordinance (PDPO) governing collection, use, processing, and storage of personal data.

The Board maintains oversight of data privacy, cybersecurity, and risk management.

Strategic focus

• Core product areas:
  • Payment processing and CTS-based cheque clearing
  • RegTech for regulatory and financial reporting, including ESG reporting
  • AI-based RPA for financial services and enterprise automation
• The business operates through a mix of owned platforms, joint ventures, and regional clients across Asia and the Middle East.