iFAST Corp Acquires 30% Stake in Financial Alliance Corporation Limited: Strategic Expansion into Financial Advisory Sector

Key Strategic Acquisition to Tap Substantial Growth Potential in Financial Advisory Industry

SINGAPORE, 5 January 2026 – iFAST Corporation Ltd. (“iFAST Corp” or “the Company”), a leading digital banking and wealth management platform, announced today that it has entered into a conditional agreement to acquire a 30% stake in Financial Alliance Corporation Limited (“FACORP”), the holding company of Financial Alliance Pte Ltd (“FAPL”), for S\$19.575 million.

Key Points of the Acquisition

• Strategic Stake Acquisition: iFAST will acquire 30% of FACORP for S\$19,575,000 in cash. This transaction was the result of arm’s-length negotiations and will be funded by a mix of internal resources and external borrowings.
• About FACORP: FACORP is the holding company of FAPL, a licensed Financial Adviser and Capital Markets Services Licensee in Singapore, with over 450 financial advisory representatives. It is also the majority shareholder of FA Advisory Sdn Bhd, a licensed financial planning and advisory firm in Malaysia.
• Financial Metrics: The acquisition represents a Price-to-Earnings (P/E) ratio of approximately 16x for FY2025 and 12x for FY2026, based on iFAST’s estimates.
• Growth and Profitability: FAPL has been a longstanding profitable partner of iFAST, and FACORP is seen as a leading non-insurance company-owned player in Singapore’s financial advisory sector.

Importance for Shareholders and Potential Price Sensitivity

• Sector Growth: The financial advisory industry in Singapore is expected to grow substantially, and iFAST believes that players with scale, operational efficiency, and access to modern technology will become dominant. FACORP is positioned to be a long-term winner as the sector consolidates.
• IPO Potential: FACORP is evaluating a potential public listing within the next two to three years, which could unlock further value for iFAST as a strategic shareholder.
• Synergies and Expansion: The acquisition will create a strategic bridge between iFAST’s wealth platform and the B2B financial advisory business, allowing for deeper collaboration, enhanced adviser support, and a scalable foundation for future regional expansion.
• Financial Impact: The acquisition is not expected to have a material impact on iFAST’s earnings per share (EPS) or net assets per share for the year ending 31 December 2026. However, it is expected to be earnings and EPS accretive based on normal operational performance.
• Valuation: The net asset value of the assets being acquired is approximately S\$13 million, with iFAST’s 30% stake equating to S\$3.9 million. The valuation reflects the high return-on-equity, fee-based business model of FACORP.

Management Commentary

Mr Lim Chung Chun, Group CEO and Chairman of iFAST Corp, commented: “We believe the necessary foundations are in place for FACORP to emerge as a leading non-insurance company-owned player in Singapore, with the scale and capabilities to serve as a reference operating model. We look forward to supporting FACORP in its journey to become the first listed financial advisory company on the Singapore Exchange.”

Mr Vincent Ee, CEO and Co-Founder of FACORP, added: “With iFAST’s incoming stake, we are positioning FACORP to be a leader in the future landscape – building a sustainable organisation that creates value for all our stakeholders while staying true to the advisory principles that have always guided us.”

About iFAST Corp

iFAST Corp (SGX: AIY) is a digital banking and wealth management platform with assets under administration (AUA) of S\$30.62 billion as at 30 September 2025. Incorporated in Singapore in 2000 and listed on the SGX-Mainboard in December 2014, iFAST operates in Hong Kong, Malaysia, China, and the UK. The Group offers access to over 27,400 investment products, including more than 16,000 funds from over 345 fund houses, and 2,500 bonds, stocks, and ETFs across major global stock exchanges. Its business divisions include Wealth Management, Digital Bank, and ePension Services.

The Group’s mission: “To help investors around the world invest globally and profitably.”

Potential Share Price Impact

• Strategic Expansion: The acquisition signals iFAST’s commitment to strengthening its presence in the high-growth financial advisory sector, which may be positively received by shareholders and the market.
• IPO Upside: FACORP’s potential listing in the next 2-3 years could be a catalyst for unlocking shareholder value.
• Synergy Realisation: The integration of FACORP with iFAST’s digital platform could drive future growth and profitability, supporting long-term share price appreciation.

Investor Considerations

• The transaction is a non-discloseable one under SGX rules, as the relevant ratios are less than 5%. However, the strategic implications and future growth potential make this a noteworthy development for investors.
• No immediate material impact on EPS or net assets per share for FY2026 is expected, but medium to long-term accretion is anticipated.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult professional advisors before making investment decisions. The author and publisher are not responsible for any losses arising from reliance on this information.

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