Core Insights - Currenc Group Inc. reported a total revenue of US$18.8 million for the first half of 2025, reflecting a year-over-year decrease of 10.8% primarily due to declines in global and Indonesian airtime revenues [4][5][12] - The company is shifting focus from lower-value airtime services to expanding its artificial intelligence (AI) product offerings to enhance engagement with financial institutions and broaden its market reach [12] Financial Performance - Total revenue excluding TNG Asia and GEA was US$18.8 million for H1 2025, down from US$21.1 million in H1 2024, a decrease of 10.8% [4][11] - Remittance revenue was US$9.8 million, a slight decrease of 0.3% year-over-year, attributed to lower contributions from the Hong Kong market [5][12] - Global airtime revenue was US$4.0 million, down 19% year-over-year, influenced by increased availability of free Wi-Fi in Southeast Asia [5][12] - Total processing value (TPV) through Tranglo was US$2.8 billion, a decrease of 5.8% year-over-year [4][12] Cost and Expenses - Total direct costs of revenue were US$12.3 million, down 22.5% from the previous year [5] - Operating expenses increased to US$15.1 million, primarily due to US$4.3 million in incentive share expenses related to the de-SPAC merger and US$1.5 million for AI project development [5][12] - The overall gross profit margin was stable at 34.3%, compared to 34.0% in the same period of 2024 [5][12] Net Income and Loss - The company reported a net loss of US$9.5 million for the first half of 2025, driven by significant losses at headquarters and adjustments [8][12] - EBITDA for the first half of 2025 was a loss of US$6.2 million, while Tranglo and WalletKu generated a combined positive EBITDA of US$1.7 million [9][12] Strategic Focus - Management emphasized the importance of maintaining pricing discipline, with Tranglo's take rate remaining at 0.36% [12] - The company plans to redirect resources from airtime services to AI initiatives to create a more balanced and higher-quality revenue mix [12]

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 - 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 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 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]

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]

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].

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, CURRENC received notice from Nasdaq confirming that its 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 [1]. - This compliance with the Nasdaq Listing Rule 5450(b)(1)(C) is crucial for the company's strategy, providing credibility and exposure in capital markets [2]. Leadership Commentary - CEO Ronnie Ka Wah Hui expressed satisfaction with the company's regained compliance, attributing it to the team's dedication to strengthening the business foundation [2]. - The company remains committed to disciplined execution and innovation to drive long-term shareholder value [2].

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].