Markets.News
Solowin Holdings, a financial technology firm, reported a robust 453% increase in revenue to $5.84 million and a 26% decrease in net loss to $4.63 million for the first half of fiscal year 2026, ending on September 30, 2025. The company's assets under management grew to $820 million, with institutional clients increasing 110% to 120 and active users reaching 16,000. Revenue increase was driven by digital assets-related services. Expenses rose to $10.49 million, mainly due to an increase in general and administrative expenses and virtual assets service costs. Cash and cash equivalents stood at $8.78 million as of September 30, 2025. The company is focusing on global expansion and aims to strengthen its global payments infrastructure and advance institutional-grade digital assets services.