Core Insights - Currenc Group Inc. reported its third-quarter financial results for 2025, highlighting a focus on AI solutions and operational efficiency in the fintech sector [1][12]. Financial Performance - Total revenue for the third quarter of 2025 was $10.4 million, a decrease of 3.9% year-over-year from $10.8 million in 2024, primarily due to lower Indonesian airtime revenue [5][6]. - Remittance revenue, excluding TNG Asia and GEA, increased by 54.8% year-over-year to $7.0 million, driven by a 10.1% increase in Total Processing Value (TPV) to $1.41 billion [5][6][12]. - Global airtime transfer revenues decreased by 12.3% year-over-year to $2.0 million, attributed to declining demand due to increased availability of free Wi-Fi in Southeast Asia [6][12]. - Total operating expenses significantly decreased to $0.5 million from $19.1 million in the same period of 2024, largely due to adjustments related to incentive shares [6][12]. Profitability Metrics - The overall gross profit margin improved to 50.8% in Q3 2025, compared to 27.8% in Q3 2024 [6][12]. - Net income for the third quarter was $3.1 million, a significant turnaround from a net loss of $19.9 million in the same period of 2024 [21][12]. - EBITDA for the quarter was reported at $3.6 million, with Tranglo contributing $1.0 million to this figure [10][12]. Strategic Focus - The company is shifting its focus away from lower-margin airtime transfers to invest in technology-driven financial solutions, particularly in AI [12]. - Management anticipates that the proposed reverse merger with Animoca Brands will enhance long-term value for shareholders [12]. Operational Highlights - The total number of transactions processed through Tranglo increased to 3.0 million in Q3 2025, up from 2.7 million in the same period of 2024 [5]. - The direct payout rate for Tranglo's remittance business slightly increased to 0.13% from 0.12% year-over-year [6]. Company Overview - Currenc Group Inc. is positioned as a fintech pioneer, providing AI solutions to financial institutions globally, aiming to enhance operational efficiency and customer satisfaction [13].

Core Viewpoint - Animoca Brands Corporation Limited is pursuing a merger with Currenc Group Inc. to facilitate a Nasdaq listing, potentially creating the first publicly-listed diversified digital assets conglomerate [2][4]. Group 1: Transaction Details - Animoca Brands has signed a non-binding term sheet with Currenc Group, which may lead to Currenc acquiring 100% of Animoca's issued shares through a scheme of arrangement [1][2]. - The deal is expected to close by 2026, contingent upon shareholder and regulatory approvals [2]. - Approximately 95% of the issued shares will be allocated to Animoca Brands shareholders as part of the transaction [3]. Group 2: Strategic Intent - The merger aims to provide investors on Nasdaq direct access to the trillion-dollar altcoin digital economy, encompassing sectors like DeFi, AI, NFTs, gaming, and DeSci [2]. - Animoca Brands has previously attempted to expand into the US market, seeking a New York listing to tap into the world's largest capital market [5]. Group 3: Due Diligence and Conditions - The potential transaction is non-binding and requires satisfactory due diligence from both parties before moving forward [4]. - Binding documentation will be necessary after board approvals are obtained for a full-form transaction agreement [4].

Core Viewpoint - The proposed merger between Currenc Group Inc. and Animoca Brands aims to create the world's first publicly-listed digital assets conglomerate, enhancing access to the trillion-dollar altcoin digital economy for investors on Nasdaq [1][5]. Group 1: Proposed Merger Details - Currenc Group has entered into a non-binding term sheet to acquire 100% of Animoca Brands' issued shares via a reverse merger [1]. - Upon completion, shareholders of Animoca Brands will own approximately 95% of the new entity, while Currenc shareholders will hold about 5% [2]. - The merger is expected to close in 2026, pending shareholder and regulatory approvals [3]. Group 2: Company Profiles - Currenc Group Inc. is a fintech company focused on AI solutions for financial institutions, including a digital remittance platform that enhances global payment services [7]. - Animoca Brands is recognized as a leader in the digital asset ecosystem, with a diversified portfolio of over 600 companies across various digital asset verticals, including gaming and decentralized finance [4][8]. Group 3: Strategic Implications - The merger is anticipated to unlock significant value for shareholders and position the combined entity as a leader in the digital asset economy, spanning DeFi, AI, NFTs, gaming, and decentralized science [5]. - Currenc plans to divest some existing operations, including its AI-powered solutions, to focus on the merger and the new entity's growth strategy [5][6].

Core Viewpoint - Currenc Group Inc. has announced an agreement to issue and sell up to $33.0 million of unsecured convertible promissory notes, aiming to strengthen its balance sheet and support growth initiatives [1][5]. Financing Details - The financing will provide the company with $30.0 million in new funding after deducting costs, with an initial $4.4 million already closed [1]. - The notes will mature on October 8, 2027, and bear an interest rate of 5.00% per annum, with 50% warrant coverage at an exercise price of $1.85 per share [2]. - The company may prepay the notes with a 10% prepayment premium and has the option to extend the maturity date by up to six months [2]. Use of Proceeds - Proceeds from the notes will be used for general corporate purposes, including working capital, growth initiatives, and potentially repaying existing debt [3]. Conversion and Prepayment Options - Holders of the notes can convert them into ordinary shares at an initial conversion price of $1.85 per share under certain conditions [2][3]. - In the event of a change of control, holders may require a cash prepayment at 110% of the outstanding principal or convert immediately prior to closing [4]. Company Vision and Market Position - The CEO of Currenc emphasized that securing this financing reflects strong investor confidence and positions the company to accelerate innovation and expand its AI product portfolio [5]. - Currenc Group Inc. is dedicated to transforming global financial services through AI, providing solutions that enhance efficiency and customer satisfaction for various financial institutions [9].

Core Viewpoint - Currenc Group Inc. has announced a leadership change with Alex Kong returning as CEO, succeeding Dr. Ronnie Hui, who has stepped down. This transition is expected to support the company's growth in AI solutions for financial institutions [1][2]. Company Overview - Currenc Group Inc. is a fintech pioneer focused on transforming global financial services through artificial intelligence (AI). The company provides comprehensive AI solutions to financial institutions, including the SEAMLESS AI Call Centre and other AI-powered agents aimed at reducing costs and enhancing customer satisfaction [3]. - The company's digital remittance platform facilitates real-time, 24/7 global payment services, promoting financial access in underserved communities [3]. Leadership Transition - Alex Kong, the founder and Executive Chairman, will take over as CEO, ensuring a seamless transition. His previous experience and expertise are expected to accelerate Currenc's growth initiatives and strengthen its position in the AI-driven financial solutions market [2]. - The board expressed gratitude for Dr. Ronnie Hui's leadership, highlighting his role in guiding the company through significant market challenges and laying a strong foundation for future growth [2].

Core Viewpoint - Currenc Group Inc. has entered into a $54.6 million Shares-for-Debt Transaction to eliminate outstanding related party loans, aligning the interests of its Chairman with those of shareholders [1][2][3]. Group 1: Transaction Details - The Company will issue 35,653,995 ordinary shares at a price of $1.53 per share to settle approximately $54,550,612.30 in loans owed to Mr. Alex Kong and Regal Planet Limited [2]. - This transaction will completely remove the debt from the Company's balance sheet, which originated from various loan agreements [2]. Group 2: Strategic Implications - Mr. Kong emphasized that this transaction strengthens the capital structure and reflects his confidence in Currenc's long-term growth prospects [3]. - By converting loans into equity, Mr. Kong is reinforcing his commitment to the Company's mission of empowering financial institutions with AI-driven solutions [3]. Group 3: Company Overview - Currenc Group Inc. is a fintech pioneer focused on transforming global financial services through AI, offering solutions that enhance efficiency and customer satisfaction for various financial institutions [4]. - The Company's digital remittance platform facilitates real-time global payment services, improving financial access for underserved communities [4].

Core Viewpoint - Currenc Group Inc. has completed a $54.6 million Shares-for-Debt Transaction, significantly strengthening its capital structure and demonstrating confidence in its long-term growth prospects [1][2][3]. Financial Transaction Details - The Company issued 35,653,995 ordinary shares to settle outstanding related party loans totaling approximately $54,550,612.30, effectively eliminating this debt from its balance sheet [2]. - The transaction aligns the interests of the Chairman, Mr. Alex Kong, with those of all shareholders, reinforcing a unified vision for the Company's future [2][3]. Company Overview - Currenc Group Inc. is a fintech pioneer focused on transforming global financial services through AI solutions, including AI Call Centres and other agents aimed at enhancing efficiency and customer satisfaction for various financial institutions [4]. - The Company also offers a digital remittance platform that facilitates real-time global payment services, promoting financial access in underserved communities [4].

Core Insights - Currenc Group Inc. reported its financial results for Q2 2025, highlighting a year-over-year decline in total revenue but an increase in remittance revenue, driven by growth in Total Processing Value (TPV) and improved take rates [1][4][12]. Financial Performance - Total revenue excluding TNG Asia and GEA for Q2 2025 was US$8.7 million, a decrease of 10.3% from US$9.7 million in Q2 2024 [4]. - Remittance revenue, excluding TNG Asia and GEA, was US$5.2 million, reflecting an increase of 8.3% year-over-year [5]. - Global airtime revenue decreased to US$2.0 million, down 16.7% from US$2.4 million in the previous year [5]. - Indonesian airtime revenue saw a significant decline of 39.6%, dropping from US$2.5 million to US$1.5 million [4]. Operational Metrics - Total Processing Value (TPV) through Tranglo reached US$1.46 billion, marking a 6.9% increase year-over-year [4]. - The total number of transactions increased to 3.1 million in Q2 2025, up from 2.9 million in Q2 2024 [4]. - The overall take rate improved to 0.36% in Q2 2025 from 0.35% in the same period of 2024 [5]. Cost Management - Total direct costs of revenue decreased by 24.1% year-over-year to US$5.5 million [5]. - Operating expenses rose to US$7.6 million, primarily due to a one-time incentive share expense of US$2.2 million related to the de-SPAC merger and US$1.0 million for AI initiatives [5][12]. EBITDA Analysis - The total EBITDA for Q2 2025 was a loss of US$3.4 million, with Tranglo and WalletKu together delivering positive EBITDA of US$0.53 million [10]. - The net loss for the quarter was US$5.0 million, driven by headquarters losses and adjustments [9][10]. Strategic Focus - The company plans to deemphasize lower-margin airtime services and reallocate resources to expand its AI product offerings [5][12]. - Management aims to pair consistent remittance execution with an expanding AI portfolio to create a healthier revenue mix and sustainable long-term value for shareholders [12].

Core Viewpoint - Currenc Group Inc. is taking proactive measures to investigate potential naked short selling of its shares to protect shareholder value while executing its growth strategy globally [1][2][3] Company Overview - Currenc Group Inc. is a fintech pioneer focused on transforming global financial services through artificial intelligence (AI) solutions [4] - The company provides comprehensive AI solutions to financial institutions, including a digital remittance platform that enables real-time global payment services [4] Strategic Initiatives - The company has retained Shareholder Intelligence Services, LLC to assist in monitoring and investigating trading irregularities [1][2] - Currenc aims to enhance shareholder communication, regulatory compliance, and trading surveillance capabilities through ShareIntel's patented DRIL-Down™ process [2] Management's Commitment - The founder and executive chairman, Alex Kong, emphasized the company's commitment to protecting investors and maximizing shareholder value amid observed irregular trading patterns [3] - Currenc intends to pursue regulatory and legal recourse if necessary to address any illegal trading or market manipulation [2][3]

Group 1 - CURRENC Group Inc. has entered a strategic partnership with Galaxy Payroll Group Limited to develop AI-powered human resources solutions for its "AI Staff for Hire" platform [1][2] - The new modules, AI HR Manager and AI Recruitment Manager, aim to enhance HR operations and recruitment processes within the financial industry [2][3] - The partnership is expected to help clients in various financial sectors scale efficiently, reduce costs, and improve customer experiences through AI innovation [3] Group 2 - CURRENC's "AI Staff for Hire" platform automates core functions, reduces operational costs, and enables data-driven decision-making for businesses in the financial industry [2] - The AI HR Manager will streamline HR operations, while the AI Recruitment Manager will optimize candidate screening and interview scheduling [2] - CURRENC is committed to exploring additional AI-driven opportunities to facilitate digitalization and sustainable growth across industries [3] Group 3 - CURRENC Group Inc. is dedicated to transforming global financial services through comprehensive AI solutions, including AI-powered agents and digital remittance platforms [4] - The company's offerings aim to reduce costs, increase efficiency, and enhance customer satisfaction for various financial institutions [4]