Solowin Holdings Ltd
solowin.ioWhat Do They Do?
Provides enterprise AI infrastructure and digital application services to enterprises, financial institutions, and developers; also provides stablecoin, payment, and tokenization services to institutional and business customers.
20-F for FY2026, filed Aug 3, 2026The Company is a leading global regulated financial technology company that bridges traditional finance with the digital asset and…View ↗
In the Digital Asset Tokens pillar, AX COIN and AX ONE primarily serve banks, fintech companies, payment service providers, corporate…View ↗
In the AI Tokens pillar, KOVAR and AgenPay primarily target large enterprises, digital asset and fintech institutions, and application…View ↗
The Company operates an integrated service model that provides enterprise customers with end-to-end cloud and digital application…View ↗
How Do They Make Money?
Enterprise customers pay for integrated cloud and digital application services as the work is delivered; other customers pay tokenization project fees as work progresses and transaction fees when trades are completed.
20-F for FY2026, filed Aug 3, 2026The Company operates an integrated service model that provides enterprise customers with end-to-end cloud and digital application…View ↗
The Company acts as a principal to work with certain suppliers which provide access to cloud services, containing one performance…View ↗
The Company provides real-world-assets (“RWA”) tokenization project-based services to clients who want to engage in web3 activities and…View ↗
The Company provides virtual asset trading services by executing buy and sell orders for digital assets (e.g., Bitcoin, Ethereum) to both…View ↗
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20-F for FY2026, filed Aug 3, 2026
FY2026 revenue by reportable segment ↗
$28M
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20-F for FY2026, filed Aug 3, 2026
$28M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Digital Asset Tokens Segment
|
21% |
Digital Asset Tokens Segment, FY2026
$5.8M Sources
|
|
|
AI Tokens segment
Recurring
20-F for FY2026, filed Aug 3, 2026 |
79% |
AI Tokens segment, FY2026
$22.2M Sources
|
Recurring |
Who Are Their Customers?
The digital-asset businesses target banks, payment and treasury firms, financial institutions, and corporations through direct enterprise sales. AI products also reach customers through channel partners and software vendors, while Solomon serves retail investors and high-net-worth clients through targeted digital marketing.
20-F for FY2026, filed Aug 3, 2026In the Digital Asset Tokens pillar, AX COIN and AX ONE primarily serve banks, fintech companies, payment service providers, corporate…View ↗
In the AI Tokens pillar, KOVAR and AgenPay primarily target large enterprises, digital asset and fintech institutions, and application…View ↗
For the Digital Asset Tokens pillar, we focus on direct enterprise sales and business development. We actively engage with central banks…View ↗
For the AI Tokens pillar, our marketing efforts center on demonstrating the compliance, cost-efficiency, and technical capabilities of the…View ↗
Do Revenues Turn Into Profits?
No. It lost $13.3M in FY2026.
How Are They Changing?
Growing. Revenue grew 8.6x in 4 years, from $3.3M in FY2022 to $28M in FY2026, about 71% a year.
Who Do They Compete With?
Competes with Amazon, Microsoft, Google, OpenRouter, Portkey, Visa, Mastercard, and Coinbase
20-F for FY2026, filed Aug 3, 2026Through KOVAR Cloud and KovaRouter, we compete with hyperscale cloud providers, enterprise AI platforms, model developers, model…View ↗
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