Recent Updates — CURR
Currenc Group Inc.'s subsidiary Seamless Group and New Margin Holding Limited have signed a binding reinstatement letter for their January 2026 share purchase agreement regarding Tranglo Sdn. Bhd., extending the longstop date to March 31, 2027. The parties agreed in principle to expand the transaction from a 60% stake to a full 100% acquisition of Tranglo for aggregate consideration of US$666,666,666.67. This enlargement requires a separate tripartite agreement with Ripple Markets APAC Pte. Ltd., which holds tag-along rights and is subject to a charging order over Seamless's shares related to an unsatisfied judgment debt. The transaction remains contingent on regulatory approvals, license renewals, and funding demonstrations by December 2026 and February 2027 respectively. Currenc Group Inc. operates in the fintech sector, providing artificial intelligence solutions to financial institutions.
The High Court of Malaya made absolute a charging order over 100,465 ordinary shares in Tranglo Sdn. Bhd., owned by Currenc Group’s subsidiary Seamless Group Inc. Ripple Markets APAC Pte. Ltd. (RMA) obtained the order to enforce an unsatisfied summary judgment from the Singapore High Court entered on April 17, 2025. RMA may commence enforcement proceedings beginning October 7, 2026, potentially leading to a sale of the shares. The underlying claim stems from a default by GEA Limited for approximately US$27.3 million, with Seamless liable as guarantor. Currenc Group Inc. operates in the financial technology and digital asset services industry.
On September 20, 2026, Currenc Group Inc. entered into a secured convertible bridge loan agreement with Apex Innovation Global Limited for US$1,500,000. The loan bears interest at 1% per annum and matures on the earlier of eighteen months after drawdown or the completion of the proposed acquisition of Animoca Brands Corporation Limited. Apex may convert the loan into ordinary shares at a price equal to the lower of US$2.85 or 85% of the lowest price in any subsequent fundraising exceeding US$1,000,000, subject to a floor of US$3.19 and an exchange cap of 19.99%. The facility is secured by a first-ranking mortgage over 1,000,000 shares held by Pine Mountain Holdings Limited and guaranteed personally by Alexander King Ong Kong. Currenc Group Inc. operates in the financial technology industry, providing digital remittance services.
Currenc Group Inc. and Animoca Brands Corporation mutually agreed to suspend merger negotiations regarding a proposed business combination on September 21, 2026. The non-binding term sheet, originally entered into November 2, 2025, contemplated Currenc acquiring all of Animoca Brands' equity via an Australian scheme of arrangement, with Animoca shareholders owning approximately 95% of the merged entity. The parties had previously extended exclusivity until June 30, 2026, but failed to finalize a definitive agreement before that date. This suspension provides Currenc greater flexibility to pursue financing opportunities for growth and operations, though negotiations may resume if conditions permit. Currenc Group Inc. operates in the financial technology industry.
Currenc Group Inc. announced on June 17, 2026, the immediate suspension of active business operations for its Indonesian subsidiary, PT Walletku Indompet Indonesia (WalletKu), due to a lack of working capital and loss of commercial status. The company has authorized up to US$150,000 to settle employee severance and third-party vendor debts through September 2026. Currenc Group Inc. operates in the digital payments and airtime distribution sector.