🌏 Asian Private Markets Research and Insights 💡, pvtIQ

Ben Lim

🌏 Asian Private Markets Research and Insights 💡

Private Markets Research and Data, Reimagined

pvtIQ

pvtIQ leverages Smartkarma’s technology and distribution to deliver high-quality research and data on Asian private markets.

Private Capital Markets

iFAST Global Bank / Private Capital Markets

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Strategic Turnaround to Profitability: Following its acquisition, iFAST Global Bank (or “iGB”) has successfully transitioned into a sustainably profitable institution. The bank achieved its first full year of positive earnings in FY25, recording a profit before tax of S$3.1m, and extended this streak to six consecutive quarters by generating S$0.7m (as reported¹) in 1Q26. This financial inflection point underscores the successful restructuring of its legacy operations and the viability of its new strategic direction.
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Accelerating Deposit and Interest Income Momentum: The institution is leveraging its digital personal banking platform to rapidly scale its customer deposit base, which surged 40% YoY to a record S$1.6b (as reported²) in 1Q26. This robust deposit accumulation has served as a powerful engine for core revenue, driving a 34.6% YoY increase in net interest income during the same period and providing the capital necessary to actively scale its commercial lending portfolios.
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Expansion of Global Payment Infrastructure: To diversify its revenue streams and offset tightening margins in its legacy remittance business, the bank is aggressively rolling out high-volume digital payment rails. Recent product launches include Worldwide Scan and Pay powered by Alipay+, which grants users access to over 150 million global merchants, alongside the introduction of instant SEPA payment capabilities for European corporate clients and the integration of over sixty digital wallets worldwide.
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Strategic Turnaround to Profitability: Following its acquisition, iFAST Global Bank (or “iGB”) has successfully transitioned into a sustainably profitable institution. The bank achieved its first full year of positive earnings in FY25, recording a profit before tax of S$3.1m, and extended this streak to six consecutive quarters by generating S$0.7m (as reported¹) in 1Q26. This financial inflection point underscores the successful restructuring of its legacy operations and the viability of its new strategic direction.


Accelerating Deposit and Interest Income Momentum: The institution is leveraging its digital personal banking platform to rapidly scale its customer deposit base, which surged 40% YoY to a record S$1.6b (as reported²) in 1Q26. This robust deposit accumulation has served as a powerful engine for core revenue, driving a 34.6% YoY increase in net interest income during the same period and providing the capital necessary to actively scale its commercial lending portfolios.


Expansion of Global Payment Infrastructure: To diversify its revenue streams and offset tightening margins in its legacy remittance business, the bank is aggressively rolling out high-volume digital payment rails. Recent product launches include Worldwide Scan and Pay powered by Alipay+, which grants users access to over 150 million global merchants, alongside the introduction of instant SEPA payment capabilities for European corporate clients and the integration of over sixty digital wallets worldwide.



IFAST Global Bank: Sustainable Scaling and Growth Prospects (Initiation)

United Kingdom

The UK digital bank that bridges you to the world

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iFAST Global Bank (IFASTGLOBALBANK LN)

IFAST Global Bank: Sustainable Scaling and Growth Prospects (Initiation)

Strategic Turnaround to Profitability: Following its acquisition, iFAST Global Bank (or “iGB”) has successfully transitioned into a sustainably...

pvtIQ

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)