Currenc Group Inc.

Currenc Group Inc. reported that its subsidiary, Seamless Group Inc., had a charging order made absolute by the High Court of Malaya over 100,465 ordinary shares in Tranglo Sdn. Bhd. This order was obtained by Ripple Markets APAC Pte. Ltd. to enforce a summary judgment from the Singapore High Court, related to an unsatisfied debt of approximately US$23.95 million plus charges. Ripple Markets APAC may now proceed with enforcing the charging order and potentially selling the Tranglo shares.

Currenc Group Inc. announced the immediate suspension of active business operations for its Indonesian subsidiary, PT Walletku Indompet Indonesia (WalletKu), due to an ongoing lack of working capital and the permanent forfeiture of its commercial status as an Authorized Indosat Distributor. The company will terminate WalletKu's workforce and settle outstanding debts, allocating up to US$150,000 for these purposes. This strategic restructuring aims to eliminate drag on consolidated group profitability and refocus capital and operational bandwidth toward Currenc's high-growth AI and Web3 initiatives, despite WalletKu's FY2025 revenue decline of 46.9% to US$7.7 million and a net loss of US$0.45 million.

Currenc Group Inc. announced a targeted operational restructuring for its Indonesian digital payments subsidiary, PT Walletku Indompet Indonesia (WalletKu), involving a temporary pause of its airtime distribution business. This decision follows sustained structural headwinds, a lack of working capital, and WalletKu's FY2025 revenue adjustment of 46.9% to $7.7 million, alongside a net loss of $0.45 million. The restructuring aims to prioritize high-margin AI and Web3 verticals, streamline WalletKu's balance sheet, and resolve outstanding commitments, with Currenc allocating up to $150,000 for liabilities. A future strategic review will assess potential revitalization pathways for WalletKu.

Currenc Group Inc. announced the immediate appointment of Kelly Leung as Venture Partner. Ms. Leung will advise the company's board and executive leadership on strategic partnerships, network expansion, platform adoption, and growth initiatives in the Web3, AI, and digital asset sectors. She brings over 25 years of experience, including co-founding ChainFoundry Group and previous roles at Animoca Brands KK and MADworld, which is expected to strengthen Currenc's long-term strategic development and international expansion.

Currenc Group Inc. announced the appointment of Kelly Leung as Venture Partner, effective immediately. Ms. Leung will advise the company's board and executive leadership on strategic partnerships, partner network expansion, platform adoption, and additional growth initiatives across Web3, AI, and digital asset sectors. She brings over 25 years of experience in global strategic alliances and Web3 ecosystem development, aligning with Currenc's focus on expanding its AI infrastructure and digital asset initiatives.

Currenc Group Inc. announced an extension of the exclusivity period for its proposed reverse merger with Animoca Brands Corporation Limited. The exclusivity, initially for three months from November 2, 2025, is now extended to June 30, 2026. This extension reflects continued progress in due diligence and preparatory work for definitive documentation, with both companies reaffirming their commitment to the transaction. Under the proposed terms, Animoca Brands shareholders would own approximately 95% of the merged entity, which is expected to operate under the Animoca Brands name, targeting a Q3 2026 closing.

Currenc Group announced its full-year 2025 financial results, reporting a net loss of US$18.5 million, an improvement from US$38.8 million in FY2024. The company achieved significant strategic transformation, including a proposed reverse merger with Animoca Brands and the planned sale of Tranglo for US$400 million. Gross profit increased to US$15.4 million with a margin of 40.8%, while total operating expenses decreased to US$23.4 million, reflecting a strategic shift towards AI and Web3 solutions and divestment of lower-margin businesses. Additionally, Currenc converted US$54.6 million in related party loans to equity and partnered with Securitize to tokenize its Nasdaq-listed shares.