Advasa Holdings (Direct Listing)

General Information
Business:

Note: This is NOT an IPO. This is a NASDAQ Direct Listing. WestPark Capital is the financial advisor.

(Incorporated in Delaware)

We are the holding company for Advasa Co., Ltd., a FinTech (financial technology) company based in Japan. We are focused on improving the ways that employees can get access to their incomes and manage it.

The FUKUPE platform is our core product. It’s a patented EWA (Earned Wage Access) solution that lets employees access their earned wages in real time rather than waiting for a traditional payday.

This service provides workers with greater financial flexibility, while integrating seamlessly with employers’ existing HR and payroll systems. Importantly, our solution requires no operational burden or funding obligation on the part of the employer.

FUKUPE is available through digital channels including mobile wallets, prepaid cards, and direct bank transfers, thanks to partnerships with financial institutions and global payment networks. The platform is supported by a portfolio of nine issued patents in key markets including the United States, Japan, and South Korea, with patent filings in 16 additional jurisdictions. Our intellectual property strategy allows us to commercialize our technology through both direct services and licensing, while also pursuing enforcement actions when necessary.

Our platform is delivered as a hosted, cloud-based service operated on our systems. Customers do not receive a license to install, download, or host our software on their own infrastructure. Instead, customers access our platform through secure connectivity to our hosted environment for the duration of their subscription.

Our platform is currently live in Japan, and we are preparing market launches in Indonesia and the United Arab Emirates. Our expansion strategy is focused on tailoring business models to local regulations and customer needs.

Note: Net income and revenue are in U.S. dollars for the year that ended March 31, 2026.

Industry: SERVICES - FINANCIAL TECHNOLOGY PLATFORM
Employees:
Founded: 2017
Contact Information
Address 1-2-7 Moto-Akasaka Minato-ku, Tokyo, 107-0051 Japan
Phone Number +81-3-6868-5538
Web Address https://adbt.io/
View Prospectus: Advasa Holdings (Direct Listing)
Financial Information
Market Cap
Revenues $17.37 mil (last 12 months)
Net Income $0.95 mil (last 12 months)
IPO Profile
Symbol ADBT
Exchange NASDAQ
Shares (millions): 94.0
Price range $4.00 - $4.00
Est. $ Volume $376.2 mil
Manager / Joint Managers WestPark Capital (Financial Advisor)
CO-Managers
Expected To Trade: 8/18/2026
Day: Tuesday
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change