KFintech expands global fund administration with Ascent Fund Services acquisition

KFin Technologies Limited announced on October 13, 2025, the completion of its $34.68 million investment to acquire a 51% controlling stake in Ascent Fund Services (Singapore) Pte. Ltd. This acquisition positions KFintech as the sole promoter of Ascent, a rapidly growing global fund administrator with $26 bn in assets under administration (AUA) and operations across 18 geographies as of July 31, 2025. The transaction is fully funded through internal accruals and will have no impact on KFintech's dividend policy or debt position.

This strategic move increases KFintech's global fund administration AUA to approximately $340 bn and diversifies its revenue mix across various asset classes. The acquisition is expected to boost KFintech's international business, with targets to increase its share of overall revenues from the current 5% to over 16% immediately, and over 25% in the near term. The remaining 49% stake in Ascent is scheduled to be acquired in three equal tranches after fiscal years 2028, 2029, and 2030, linked to defined EBITDA milestones.