XML 231 R52.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2

SEGMENTS (Tables) - Seamless Group Inc [Member]

12 Months Ended

Dec. 31, 2023

SCHEDULE OF SEGMENT REPORTING FOR REVENUE

SCHEDULE OF SEGMENT REPORTING FOR REVENUE

		Years ended December 31,
		2023				2022
		US$				US$
Revenue
Remittance services			26,695,196				26,714,151
Sales of Airtime			26,398,707				28,501,152
Other services			161,458				285,614
Revenue			53,255,361				55,500,917

		Years ended December 31,
		2023				2022
		US$				US$
Cost of sales
Remittance services			(11,375,525	)			(13,268,205	)
Sales of Airtime			(24,206,112	)			(26,370,613	)
Other services			(317,419	)			(242,129	)
Cost of sales			(35,899,057	)			(39,880,947	)

		Years ended December 31,
		2023				2022
		US$				US$
Gross Profit
Remittance services			15,319,671				13,445,946
Sales of Airtime			2,192,595				2,130,539
Other services			(155,962	)			43,485
Gross Profit			17,356,304				15,619,970

SCHEDULE FOR ADDITIONS TO LONG-LIVED ASSETS OTHER THAN GOODWILL AND ACQUIRED INTANGIBLE ASSETS

The following table sets forth the Expenditures for additions to long-lived assets other than goodwill and acquired intangible assets:

SCHEDULE FOR ADDITIONS TO LONG-LIVED ASSETS OTHER THAN GOODWILL AND ACQUIRED INTANGIBLE ASSETS

		December 31,
		2023				2022
		US$				US$
Remittance services expense			302,950				532,457
Sales of Airtime			-				-
Other services			-				-
Expenditure for additions to long-lived assets other than goodwill and acquired intangible assets			302,950				532,457

SCHEDULE OF GEOGRAPHICAL INFORMATION

The following table sets forth the revenues by geographical area:

SCHEDULE OF GEOGRAPHICAL INFORMATION

		Years ended December 31,
		2023				2022
		US$				US$
Revenue
Hong Kong			9,726,364				8,647,764
Malaysia			29,317,906				36,742,314
Indonesia			14,211,091				10,110,839
Revenue			53,255,361				55,500,917

SCHEDULE OF LONG LIVED ASSETS GEOGRAPHICAL INFORMATION

The following table sets forth the long-lived assets other than goodwill and intangible assets by geographical area:

SCHEDULE OF LONG LIVED ASSETS GEOGRAPHICAL INFORMATION

		December 31,
		2023				2022
		US$				US$
Long-lived assets other than goodwill and acquired intangible assets
Hong Kong			4,368,106				3,647,913
Malaysia			1,005,601				1,276,989
Indonesia			62,056				121,698
Long-Lived Assets			5,435,763				5,046,600
Add: Non-disclose items
Investment in an equity security			100,000				100,000
Deferred tax assets			972,984				768,617
Goodwill			27,001,383				27,001,383
Acquired intangible assets			4,926,674				6,467,231
Long-lived assets other than goodwill and acquired intangible assets			33,001,041				39,383,831

SCHEDULE OF GOODWILL REPORTABLE SEGMENTS

The following table sets forth the goodwill by reportable segments:

SCHEDULE OF GOODWILL REPORTABLE SEGMENTS

		December 31,
		2023				2022
		US$				US$
Remittance services			12,921,592				12,921,592
Sales of Airtime			14,079,791				14,079,791
Goodwill			27,001,383				27,001,383

X

- Definition

Schedule of expenditure for additions to long lived assets other than goodwill and acquired intangible assets [Table Text Block]

+ References

No definition available.

+ Details

Name:	IFIN_ScheduleOfExpenditureForAdditionsToLongLivedAssetsOtherThanGoodwillAndAcquiredIntangibleAssetsTableTextBlock
Namespace Prefix:	IFIN_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Goodwill Reportable Segments [Table Text Block]

+ References

No definition available.

+ Details

Name:	IFIN_ScheduleOfGoodwillReportableSegmentsTableTextBlock
Namespace Prefix:	IFIN_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph b
-SubTopic 10
-Topic 280
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	dei_LegalEntityAxis=IFIN_SeamlessGroupIncMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: