SINGAPORE, Jan. 02, 2026 — Currenc Group Inc. (Nasdaq: CURR) (“Currenc” or the “Company”), a fintech trailblazer that equips financial institutions globally with artificial intelligence (AI) solutions, announced today that its fully owned subsidiary, Seamless Group Inc., has signed a definitive share purchase agreement to sell its 60% controlling stake in Tranglo Sdn. Bhd. (“Tranglo”) to New Margin Holding Limited. This transaction marks a key milestone in the Company’s strategic transformation and value-unlocking efforts.
Tranglo is a leading cross-border payment hub enabling secure, seamless international transactions for businesses and financial institutions—including remittances, corporate payments, and mobile top-ups—backed by an extensive global network of banks, e-wallets, and payout partners. It facilitates last-mile remittance connectivity for major e-wallet players across multiple markets via over 5,000 bank links and more than 140,000 cash pickup points worldwide.
The divestment is a foundational step in Currenc’s plan to monetize and spin off its existing operating businesses, allowing the Company to streamline its corporate structure and accelerate shareholder value realization. Under the agreement terms, Currenc will sell 100,465 ordinary shares of Tranglo (representing 60% of its total issued share capital) for an aggregate cash consideration of US$400 million. Payment will be split into two installments: US$200 million on closing day, and the remaining US$200 million due on or before 90 days post-closing.
The US$400 million price tag underscores Tranglo’s intrinsic value and reflects Currenc’s disciplined approach to unlocking value from its operational assets. The Company plans to use proceeds to reduce debt, strengthening its financial position and enhancing strategic flexibility as it advances its broader roadmap in AI, Web3, and Digital Assets. As previously disclosed, Currenc is executing a multi-step restructuring strategy—including separating and spinning off existing businesses alongside a proposed reverse-merger with Animoca Brands. The Tranglo divestment is the first completed step in this process, demonstrating Currenc’s commitment to delivering on its strategic guidance.
Founded in 1999, NewMargin Ventures (“NewMargin”) manages over RMB40 billion in assets and has invested in more than 300 companies, with around 100 portfolio firms completing successful IPOs or strategic exits. NewMargin will finalize the transaction via its affiliated offshore entity, New Margin Holding Limited. Currenc believes NewMargin’s capital strength and M&A expertise will support Tranglo’s next phase of growth and expansion.
Alex Kong, Founder, CEO, and Executive Chairman of Currenc Group, commented: “This deal is a defining moment for Currenc. The US$400 million divestment of Tranglo validates the strength of our built businesses and marks the first tangible step in executing our spin-off and transformation strategy. We believe this action positions Currenc to unlock significant shareholder value while laying the groundwork for our next growth phase.”
Transaction completion is subject to customary closing conditions, including regulatory approvals in relevant jurisdictions and completion of applicable shareholder processes under existing arrangements. It is expected to close once these conditions are met or waived, per the agreement’s terms.
About Currenc Group Inc.
Currenc Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through AI. It empowers financial institutions worldwide with comprehensive AI solutions—including SEAMLESS AI Call Centre and other AI-powered tools—designed to cut costs, boost efficiency, and enhance customer satisfaction for banks, insurers, telecoms, government agencies, and other financial entities. Its digital remittance platform also enables e-wallets, remittance firms, and corporations to offer real-time, 24/7 global payment services, expanding financial access for underserved communities.
For more information, refer to the Currenc website and the annual report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission.
Safe Harbor Statement
This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts—including those about the Company’s beliefs and expectations—qualify as forward-looking. These statements carry inherent risks and uncertainties, and various factors could cause actual results to differ materially from those outlined. Forward-looking statements are often identified by terms like “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” or “is/are likely to.” Further details on these risks are available in the Company’s SEC filings. All information herein is current as of the press release date, and Currenc undertakes no duty to update it except as required by law.
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