Currenc Group Inc.
Business
Currenc Group Inc. is a digital financial services provider specializing in cross-border money transfer and international airtime trading, with operations primarily in Southeast Asia. The company operates two main business lines: remittance services through Tranglo, a B2B cross-border payment platform connecting banks and money service operators, and airtime business through Tranglo's wholesale services and WalletKu's retail operations in Indonesia. The company serves financial institutions, non-financial businesses, and end consumers across multiple jurisdictions including Malaysia, Singapore, Indonesia, and the United Kingdom.
Summary from 20-F filed 2026-04-30
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|
| Revenue | 46 | 53 | — | |
| Cost of revenue | −32 | −36 | — | |
| Gross profit | 15 | 17 | — | |
| Selling expenses | 13,408 | 25,880 | — | |
| General and administrative expenses | 42 | 24 | — | |
| Loss from operations | −27 | −7 | −4 | |
| Finance costs, net | −9 | −8 | — | |
| Other income/(loss) | −2 | 839,606 | — | |
| Other expenses | −163,621 | −85,574 | — | |
| Loss before income tax | −38 | −14 | — | |
| Income tax expense | −578,303 | −523,481 | — | |
| Net loss | −39 | −14 | — | |
| Net income attributable to non-controlling interests | −648,559 | −888,764 | — | |
| Net loss attributable to Seamless Group Inc. | −39 | −15 | −1 | |
| Loss per share, basic | −1.03 | −0.45 | — | |
| Loss per share, diluted | −1.03 | −0.45 | — | |
| Weighted average shares outstanding of ordinary share, basic | 38 | 34 | — | |
| Weighted average shares outstanding of ordinary share, diluted | 38 | 34 | — | |
| Foreign currency translation adjustments | −209,531 | 10,608 | — | |
| Total comprehensive loss | −39 | −14 | — | |
| Total comprehensive income attributable to non-controlling interests | −649,980 | −871,614 | — | |
| Total comprehensive loss attributable to Seamless Group Inc. | −40 | −15 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-05-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 64 | 49 | 271,467 | — | 1 | |
| Short-term investments | — | 300,000 | — | — | — | |
| Restricted cash | 40,742 | 5 | — | — | — | |
| Accounts receivable, net | 2 | 2 | — | — | — | |
| Prepayments to remittance agents | — | 137,854 | — | — | — | |
| Escrow money receivable | — | 5 | — | — | — | |
| Prepayments, receivables and other assets | 25 | 34 | — | — | — | |
| Total current assets | 91 | 103 | 366,020 | — | 2 | |
| Investment in an equity security | — | 100,000 | — | — | — | |
| Equipment, net | 1 | 1 | — | 200,000 | — | |
| Right-of-use asset | 349,240 | 154,234 | — | 100,000 | — | |
| Intangible assets, net | 3 | 9 | — | — | — | |
| Goodwill | 12 | 27 | — | — | — | |
| Deferred tax assets | 342,822 | 664,888 | — | — | — | |
| Total non-current assets: | 17 | 38 | — | — | — | |
| Total assets | 108 | 141 | 209 | — | 205 | |
| Borrowings | 20 | 18 | — | — | — | |
| Receivable factoring | 258,415 | 423,483 | — | — | — | |
| Escrow money payable | — | 360,207 | — | — | — | |
| Client money payable | — | 5 | — | — | — | |
| Accounts payable, accruals and other payables | 59 | 54 | — | — | 76,474 | |
| Convertible bonds | 2 | 10 | — | — | — | |
| Lease liabilities | 171,909 | 152,325 | — | — | — | |
| Total current liabilities | 149 | 174 | 3 | — | 76,474 | |
| Borrowings | — | 3 | — | — | — | |
| Deferred tax liabilities | 876,912 | 1 | — | — | — | |
| Employee benefit obligation | 45,289 | 59,849 | — | — | — | |
| Lease liabilities | 156,647 | — | — | — | — | |
| Other payables | — | — | — | — | — | |
| Total non-current liabilities: | 1 | 4 | — | — | — | |
| Total liabilities | 150 | 178 | 9 | — | 6 | |
| Commitments and contingencies (Note 21) | — | — | — | — | — | |
| Mezzanine equity | — | 3 | — | — | — | |
| Ordinary shares (US$0.0001 par value; 555,000,000 shares authorized 46,527,999 and 33,980,753 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively) | 4,653 | 3,398 | — | — | — | |
| Additional paid-in capital | 66 | 29 | — | — | — | |
| Accumulated deficit | −132 | −92 | −8 | — | −4 | |
| Accumulated other comprehensive income | −108,122 | 88,366 | — | — | — | |
| Total shareholders deficit attributable to Seamless Group Inc. | −66 | −63 | −8 | — | −4 | |
| Non-controlling interests | 24 | 24 | — | — | — | |
| Total deficit | −42 | −39 | −25 | — | — | |
| Total liabilities and shareholders deficit | 108 | 141 | 209 | — | 205 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|
| Non-cash expense for share-based compensation | 21 | — | — | |
| Non-cash expense for share issued for service providers | 1 | — | — | |
| Non-cash offering costs for convertible note | 3 | — | — | |
| Non-cash finance cost for debt conversion | 340,159 | — | — | |
| Amortization of discount on convertible bonds | — | 807,860 | — | |
| Depreciation of equipment | 525,295 | 607,138 | — | |
| Depreciation of right-of-use assets | 185,107 | 183,198 | — | |
| Amortization of intangible assets | 2 | 3 | — | |
| Reversal of provision for doubtful debts | 143,748 | — | — | |
| Impairment loss on receivables | 3 | — | — | |
| Gain on disposal of subsidiaries | −22 | — | — | |
| Goodwill impairment | 15 | — | — | |
| Deferred income taxes | 127,660 | 494,737 | — | |
| Gain on disposal of fixed assets | — | −36,519 | — | |
| Unrealized foreign exchange loss/(gain) | −659,467 | −65,981 | — | |
| Accounts receivable | 140,559 | 605,202 | — | |
| Prepayments to remittance agents | 98,603 | −45,631 | — | |
| Amounts due to immediate holding company | −393,227 | −391,432 | — | |
| Amounts due from related parties | 4 | −5 | — | |
| Prepayments, receivables and other assets | 8 | 3 | — | |
| Escrow money payable | 10,386 | 80,006 | — | |
| Client money payable | −416,711 | −2 | — | |
| Accounts payable, accruals and other payables | 14 | −5 | — | |
| Amounts due to related parties | −7 | 3 | — | |
| Lease liabilities | −213,709 | −192,097 | — | |
| Net cash provided by/(used in) operating activities | 4 | −15 | −756,716 | |
| Purchases of property, plant and equipment | −576,674 | −291,856 | — | |
| Proceed received from disposal of property, plant and equipment | — | 36,679 | — | |
| Decrease in short-term investments | — | 2 | — | |
| Cash acquired from business combination | 43,508 | — | — | |
| Acquisition of a subsidiary | −31,868 | — | — | |
| Net cash (used in)/provided by investing activities | −600,000 | 1 | −3 | |
| Proceeds from borrowings | 640,935 | 1 | — | |
| Repayment of borrowings | −221,258 | −2 | — | |
| Proceeds from receivable factoring | 2 | 2 | — | |
| Repayment of receivable factoring | −2 | −2 | — | |
| Proceeds from convertible bonds | 2 | — | — | |
| Net cash provided by/(used in) financing activities | 2 | −1 | 3 | |
| Net increase/(decrease) in cash and cash equivalents | 5 | −15 | — | |
| Income taxes received/(paid) | −445,530 | 761,333 | — | |
| Interest paid | −1 | −2 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Currenc Group Inc.'s CIK number?
Currenc Group Inc.'s SEC CIK number is 0001862935 (1862935). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Currenc Group Inc.'s SEC filings?
All of Currenc Group Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Currenc Group Inc. last report earnings?
Currenc Group Inc. (CURR) most recently filed an earnings 8-K with the SEC on Dec 3, 2024, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-24-048348). This is Currenc Group Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Currenc Group Inc.'s most recent earnings 8-K?
Currenc Group Inc.'s latest earnings 8-K (Item 2.02) was filed Dec 3, 2024 under accession 0001493152-24-048348. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Currenc Group Inc.'s latest earnings 8-K →
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