CTOS Digital Berhad (KLSE:CTOS) agreed to acquire Fintech Platform Ventures Pte Ltd. from Diana Georgieva Krumova, UBX Private Ltd, Vegueros Limited, Ivaylo Venkov Kolev, Christo Darinov Georgiev, Chilingirov Petar Lyubomirov and others for $5.9 million on August 25, 2023. The consideration shall be fully satisfied by bank financing. Fintech Platform Ventures reported revenue of $4.098663 million, net loss of $0.63765 million and net assets of $1.566435 million as at December 31, 2022.

The transaction is expected to close in fourth quarter of 2023. Ernst & Young Global, Phillipines acted as accountant to CTOS Digital Berhad. SyCip, Gorres, Velayo & Co.

acted as accountant to Fintech Platform Ventures.