KFintech acquires 51% stake in Singapore’s Ascent Fund Services for $35M

KFintech has acquired a 51% stake in Ascent Fund Services for $35 million. This move significantly expands KFintech’s global fund administration business. The acquisition brings over 250 experts into the KFintech Group. Assets under administration are projected to reach $340 billion. This strategic deal boosts KFintech’s international revenue share considerably.