Fintech Ecosystem Development Corp. (NASDAQ: FEXD) is Leveraging Its Management Team’s Extensive Fintech Experience to Identify Combination Targets, Expanding Services into Promising Markets – InvestorBrandNetwork (IBN) Content Platform

FinTech Ecosystem Development Corp. is a SPAC whose goal is to identify and engage in business combinations with businesses that have developed or are developing technology that enables communities and companies to store and transfer money
The company is targeting developing countries, particularly those in South Asia, a region where vast sections of the population are underbanked or unbanked
85FEXD plans to leverage its management’s experience in the Fintech sector to identify high-growth targets primarily operating in South Asia with a high volume of customers and growing demand
Experts believe that Asia is a ripe market for financial innovation, given that it is home to the world’s youngest workforce and consumer groups with a high adoption rate of mobile and digital technologies

More than seventy percent of the adult population in South-East (“SE”) Asia is either unbanked or underbanked, according to consultancy firm Bain (https://ibn.fm/w4Ulu), with the World Bank separately reporting that South Asia accounts for over twenty percent of all unbanked adults in the world (https://ibn.fm/X6Zao). But as Tzu-Chung Liang, a South-East Asia financial services strategy and transaction leader at consultancy firm EY, tells the Financial Times, there is a silver lining: “Asia has one of the world’s youngest workforce and consumer groups, with a high adoption rate of mobile and digital technologies, so it’s a ripe market for financial innovation” (https://ibn.fm/hgA10).

This potential has sparked the interest of Fintech Ecosystem Development (NASDAQ: FEXD), a special-purpose acquisition company (“SPAC”) formed to develop a global financial technology system. FEXD’s goal is to identify and engage in a merger, capital stock exchange, asset acquisition, stock purchase…