TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo March 8, 2023 Saiful Khandaker Chief Executive Officer Fintech Ecosystem Development Corp. 100 Springhouse Drive Suite 204 Collegeville, PA 19426 Re: Fintech Ecosystem Development Corp. Preliminary Proxy Statement filed on Schedule 14A Filed March 1, 2023 File No. 001-40914 Dear Saiful Khandaker: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to the comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to the comment, we may have additional comments. Preliminary Proxy Statement filed March 1, 2023 General 1. With a view toward disclosure, please tell us whether your sponsor is, is controlled by, has any members who are, or has substantial ties with, a non-U.S. person. Also revise your filing to include risk factor disclosure that addresses how this fact could impact your ability to complete your initial business combination. For instance, discuss the risk to investors that you may not be able to complete an initial business combination with a target company should the transaction be subject to review by a U.S. government entity, such as the Committee on Foreign Investment in the United States (CFIUS), or ultimately prohibited. Disclose that as a result, the pool of potential targets with which you could complete an initial business combination may be limited. Further, disclose that the time necessary for government review of the transaction or a decision to prohibit the transaction could prevent you from completing an initial business combination and require you to liquidate. Disclose the consequences of liquidation to investors, such as the losses of the investment opportunity in a target company, any price appreciation in the combined Saiful Khandaker Fintech Ecosystem Development Corp. March 8, 2023 Page 2 company, and the warrants, which would expire worthless. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Joseph Ambrogi at 202-551-4821 or David Link at 202-551-3356 if you have questions regarding the comment. Sincerely, FirstName LastNameSaiful Khandaker Division of Corporation Finance Comapany NameFintech Ecosystem Development Corp. Office of Real Estate & Construction March 8, 2023 Page 2 cc: Alexander H. Rahn, Esq. FirstName LastName