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Currenc Group Announces up to $33 Million Convertible Note Financing
Globenewswire· 2025-10-09 13:20
SINGAPORE, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Currenc Group Inc. (Nasdaq: CURR) (“Currenc” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced an agreement to issue and sell up to $33.0 million of the Company’s unsecured convertible promissory notes due October 8, 2027 (the “Notes”). After deducting related costs and expenses, the Company would receive $30.0 million in new funding if the financing is fully funded. An in ...
UPDATE – Currenc Group's Founder and Executive Chairman to Convert $54.6 Million in Loans to Equity
GlobeNewswire News Room· 2025-08-08 20:01
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].
Currenc Group's Founder and Executive Chairman Converts $54.6 Million in Loans to Equity
Globenewswire· 2025-08-08 13:00
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].
Currenc Group Inc. Initiates Investigation into Suspected Illegal Short Selling Amid Global Expansion
Globenewswire· 2025-07-31 12:30
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]
CURRENC Group Inc. Appoints Wan Lung Eng as Chief Financial Officer
Newsfilter· 2025-04-15 12:00
Core Insights - CURRENC Group Inc. has appointed Mr. Wan Lung Eng as Chief Financial Officer, effective April 16, 2025, to enhance its financial strategy and growth initiatives [1][2][3] Company Overview - CURRENC Group Inc. is a fintech pioneer focused on transforming global financial services through artificial intelligence (AI) solutions, empowering financial institutions worldwide [4] - The company offers comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered agents, aimed at reducing costs, increasing efficiency, and boosting customer satisfaction for various sectors [4] Leadership and Expertise - Mr. Eng brings over 20 years of experience in finance, accounting, investment banking, and private equity, having executed public and private financings and M&A transactions exceeding US$50 billion [2] - His previous roles include CFO positions at VitalCheck Wellness, Teclison, and Spectral MD, as well as senior positions at major financial institutions [2] - The leadership team believes Mr. Eng's expertise will be pivotal in accelerating CURRENC's growth and advancing its AI initiatives [3]
CURRENC Group Inc. Regains Full Compliance with Nasdaq's Continued Listing Rule
Newsfilter· 2025-04-10 12:00
Core Viewpoint - CURRENC Group Inc. has regained compliance with Nasdaq's minimum market value requirement, ensuring its continued listing on the Nasdaq Global Market [1][2]. Company Overview - CURRENC Group Inc. is a fintech pioneer focused on transforming global financial services through artificial intelligence (AI) solutions [2]. - The company provides comprehensive AI solutions to financial institutions, including SEAMLESS AI Call Centre and other AI-powered agents aimed at reducing costs and enhancing customer satisfaction [2]. - CURRENC's digital remittance platform facilitates real-time global payment services, promoting financial access for underserved communities [2]. Compliance Achievement - On April 9, 2025, CURRENC received confirmation from Nasdaq that its ordinary shares maintained a minimum market value of publicly held shares of $5,000,000 for at least ten consecutive business days, thus satisfying the listing requirement [1]. - The company expressed satisfaction with this compliance, highlighting its importance for credibility and exposure in capital markets [2].
CURRENC Group Inc. Regains Full Compliance with Nasdaq's Continued Listing Rule
GlobeNewswire News Room· 2025-04-10 12:00
SINGAPORE, April 10, 2025 (GLOBE NEWSWIRE) -- CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that on April 9, 2025, it received written notice from Nasdaq stating that the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) has determined that for at least the last ten consecutive business days, the Company’s ordinary shares have maintained a minimum ...
CURRENC Group Inc. Regains Full Compliance with Nasdaq’s Continued Listing Rule
Globenewswire· 2025-04-10 12:00
Core Viewpoint - CURRENC Group Inc. has regained compliance with Nasdaq's minimum market value requirement, ensuring its continued listing on the Nasdaq Global Market [1][2]. Company Overview - CURRENC Group Inc. is a fintech pioneer focused on transforming global financial services through artificial intelligence (AI) solutions [2]. - The company provides comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered agents, aimed at reducing costs, increasing efficiency, and enhancing customer satisfaction for various financial institutions [2]. - CURRENC's digital remittance platform facilitates real-time, 24/7 global payment services, promoting financial access in underserved communities [2]. Compliance Achievement - On April 9, 2025, Nasdaq confirmed that CURRENC's ordinary shares have maintained a minimum market value of publicly held shares of $5,000,000 for at least the last ten consecutive business days, thus satisfying the continued listing requirement [1]. - The company expressed satisfaction with this compliance, highlighting its importance for credibility and exposure in capital markets [2].