ICFG

What ICFG does

ICFG Ltd is a publicly listed entity incorporated in Guernsey, formerly known as Fintech Asia Limited. Per the available source material, the company's stated strategic focus is on acquiring fintech companies in Asia or with Asia-Western links. Despite this acquisition mandate, ICFG has not yet engaged in active operations or revenue generation as of the most recent available information. In 2025, the company signed a new $25 million loan facility intended to support its acquisition strategy. As of April 2026, ICFG delayed the release of its FY25 audit results and faces potential share suspension due to regulatory and financial risks associated with the delay.

The entity's business model centers on deal-making rather than operating a traditional product or service business. No pricing model, go-to-market motion, or revenue mechanics are disclosed in the available sources, consistent with the entity's pre-operational status. Customer segments, geographic markets served, product offerings, and operational headcount beyond the 101-250 employee range noted in the firmographic data are not specified. The company's primary domicile is Guernsey, where it is structured as a holding company. Conflicting firmographic information characterizes ICFG as a non-profit association providing advisory services in funding, M&A, IPO preparation, and transactions and lists a Paris, France address — a description that does not align with the Guernsey-domiciled public holding-company profile and may reflect a separate or prior entity.

Risk signals dominate the current information set. The delayed FY25 audit, share suspension risk, and absence of revenue or operations indicate ICFG is in a fragile state, with its public listing status under threat. The $25 million loan facility provides some runway for executing the fintech acquisition thesis, but the entity has not yet demonstrated deal closure, integration capability, or operating performance. No management team, board composition, or named acquirer pipeline has been disclosed in the available sources.

Name

ICFG

Legal name

ICFG Ltd

Website

https://icfg.net

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

ICFG Ltd is a Guernsey-domiciled public holding company, formerly known as Fintech Asia Limited, whose stated strategy is to acquire fintech companies with Asia or Asia-Western links. It has not yet commenced operations or generated revenue.

Ownership category

akta.pro rank

Product category

Corporate Finance Advisory

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Services-Membership Organizations (8600), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

akta.pro secondary industry

Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI)

Keywords

• M&A advisory
• Capital raising
• IPO preparation
• Debt advisory
• Transaction services

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Core offering

ICFG is a non-profit association that provides complete advisory services in the field of funding, M&A, IPO preparation, and transactions. Founded in 1999 and headquartered in Paris with 101-250 employees, the association operates as an international corporate finance advisory network serving businesses and entrepreneurs across multiple geographies.

Product overview

ICFG Ltd is a Guernsey-based investment company formerly known as Fintech Asia Limited. The company's stated focus is on acquiring fintech companies in Asia or with Asia-Western links. Based on available sources, ICFG has not yet engaged in active operations or revenue generation. The company has signed a new $25 million loan facility and is currently facing delays in its FY25 audit results, with potential share suspension risks.

Differentiator

Problem solved

Functional benefit

Products and services

• M&A Advisory Advisory services for mergers and acquisitions, supporting clients on transactions including deal preparation, valuation, and transaction execution across sell-side and buy-side mandates.
• Funding Advisory Advisory services for companies seeking capital, including capital raising support to fund business growth, acquisitions, or refinancing transactions.
• IPO Preparation Advisory services to prepare companies for initial public offerings, including transaction preparation and execution support for companies planning to list publicly.
• Transaction Services Support services for completing corporate finance transactions, providing transaction execution and related advisory support for deals in progress.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Houlihan Lokey: Global independent investment bank with a leading mid-market M&A advisory franchise. Comparable because it competes for the same cross-border, mid-cap M&A, capital raising, and debt advisory mandates that ICFG's network pursues.
• KPMG Corporate Finance: Big Four corporate finance advisory practice offering M&A, capital raising, and debt advisory. Comparable as a broader incumbent competing for many of the same mid-market mandates.
• Deloitte M&A (Corporate Finance): Big Four advisory with global M&A, transaction services, and capital advisory capabilities. Comparable as a broad incumbent serving mid-market clients in many of the same sectors.
• Robert W. Baird: Global investment bank with a sizable mid-market M&A and capital markets practice. Comparable for cross-border mid-market M&A and capital raising activity.
• Rothschild & Co: Global independent financial advisory group with a long-standing mid-market M&A franchise. Comparable for cross-border mid-market M&A and capital structure advisory.
• Duff & Phelps (Kroll): Global advisory firm with M&A, valuation, and transaction services practices serving mid-market clients. Comparable in offering transaction-adjacent advisory services overlapping with ICFG's portfolio.

Direct peers

• Lincoln International: Independent global advisory firm specializing in mid-market M&A and capital advisory. Comparable because its mid-market, cross-border M&A and capital raising focus directly overlaps with ICFG's service offering and target client base.
• Oaklins: Global network of M&A advisory member firms with deep mid-market coverage across multiple sectors. Closely comparable as a member-firm-based international advisory network pursuing similar mid-market M&A and capital advisory mandates.
• Clairfield International: International M&A advisory partnership of independent firms. Comparable because it operates a member-firm model targeting mid-market cross-border M&A transactions in similar sectors.
• M&A Worldwide: Global alliance of independent M&A advisory firms serving mid-market clients across multiple regions. Highly comparable member-network model targeting similar cross-border mid-market mandates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/icfg10

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICFG