Currenc Group

What Currenc Group does

Currenc Group Inc. (Nasdaq: CURR) is a Singapore-headquartered fintech that began as the parent of Tranglo, a 2008-founded cross-border payment hub, and went public on Nasdaq via a SPAC business combination with INFINT Acquisition Corporation in August-September 2024. The company operates two interrelated business lines. First, a cross-border payments and digital remittance platform built on Tranglo Connect — a proprietary API providing licensed banks, money service operators, e-wallets, and remittance companies access to a payout network of 5,000+ bank connections and 140,000+ cash pickup points across 70+ countries. FY2025 Total Processing Value through Tranglo reached $5.6 billion on a 0.37% take rate, generating remittance revenue of $22.2 million (up 22% YoY). Second, an emerging AI solutions suite anchored by SEAMLESS AI Call Centre — a multilingual, AI-powered customer interaction platform for financial institutions, telecom operators, and government agencies — plus investment and infrastructure arms (Currenc Capital managing the CURR-ARC AI Fund 1 and Currenc Power Corp developing AI data centers in Malaysia). The WalletKu mobile app in Indonesia serves approximately 128,000 merchants and individuals with airtime, bill payment, and money transfer services.

The business model is hybrid: transaction-fee revenue from remittance (with $37.8M total FY2025 revenue at a 40.8% gross margin, up from 31.4%) and emerging subscription/recurring revenue from AI solutions. Distribution is B2B-first via direct API integration and enterprise field sales, with a long-tail SMB/consumer channel through WalletKu. The company is mid-execution of a strategic transformation announced through 2025-2026: divesting 60% of Tranglo to New Margin Holding for $400 million (Jan 2026), pausing WalletKu operations (Jun 2026), converting $54.55 million of related-party debt to equity (Mar 2026), issuing up to $33 million of convertible notes (Oct 2025), tokenizing its Nasdaq-listed ordinary shares on Ethereum and Solana via Securitize (Apr 2026), and proposing a reverse merger with Animoca Brands that would give Animoca shareholders ~95% of a Nasdaq-listed digital assets conglomerate (Nov 2025, Q3 2026 target close).

Name

Currenc Group

Legal name

Currenc Group Inc.

Website

https://investors.currencgroup.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Currenc Group (Nasdaq: CURR) is a Singapore-based fintech providing AI-powered financial solutions and cross-border payment infrastructure to banks, e-wallets, and remittance companies across 70+ countries. The firm is divesting legacy remittance assets to pivot toward AI, Web3, and digital assets via a proposed Animoca Brands reverse merger.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Crypto Remittance & Cross-Border Money Transfer Providers (FSADAIAD)

akta.pro secondary industries

Crypto Payment Gateways & Checkout APIs (FSADAIAA), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Cross-border payments
• Digital remittance services
• AI-powered fintech
• Payment infrastructure APIs
• Financial inclusion solutions

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Digital Remittance Services: Cross-border payment and remittance services through Tranglo platform, generating revenue through transaction fees. Tranglo's overall take rate was 0.37% in 2025.
2. Global Airtime Transfer: Telecom airtime transfer switching platform providing recharge options including pin and pinless transfers across 150+ countries and 500+ mobile operators
3. Local Airtime Revenue: Retail airtime business in Indonesia through WalletKu, allowing users to purchase airtime, internet data top-up, bill payments, cash top-ups and money transfers
4. AI Solutions: AI-powered financial solutions including SEAMLESS AI Call Centre and other AI tools for financial institutions, representing emerging revenue stream as company pivots toward AI

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Currenc Group provides a digital remittance and cross-border payment platform (Tranglo) that enables licensed banks, money service operators, e-wallets, remittance companies, and corporations to deliver real-time, 24/7 global payment services across 70+ countries via the proprietary Tranglo Connect API. The company is expanding into AI-powered financial solutions including the SEAMLESS AI Call Centre and AI-Powered Agents sold to financial institutions, plus on-chain equity tokenization of its own Nasdaq-listed shares through Securitize on Ethereum and Solana.

Product overview

Currenc Group is a fintech platform that has evolved from its roots in digital remittance to an AI-powered financial services provider. The company's portfolio consists of multiple interconnected products: SEAMLESS AI Call Centre (core AI product for financial institutions), Tranglo Connect API (cross-border payment infrastructure), Tranglo (cross-border payment ecosystem), and WalletKu (Indonesian digital payments). The group also includes investment and infrastructure arms—Currenc Capital managing the CURR-ARC AI Fund 1 and Currenc Power Corp developing AI data centers in Malaysia. The company is undergoing strategic transformation, divesting legacy businesses and pivoting toward AI and Web3 initiatives, including a proposed reverse merger with Animoca Brands.

Differentiator

Problem solved

Functional benefit

Brands

• Seamless AI: AI-powered solutions transforming customer interactions for financial institutions with multilingual support, advanced analytics, and turnkey AI infrastructure.
• Currenc Capital
• Currenc Power Corp
• Tranglo
• WalletKu

Products and services

• SEAMLESS AI Call Centre AI-powered solution transforming customer interactions for financial institutions (banks, insurance, telecommunications, government agencies) with multilingual support, advanced analytics, and turnkey AI infrastructure designed to reduce costs, increase efficiency, and boost customer satisfaction.
• Tranglo Connect API Proprietary cross-border payments API that seamlessly integrates payout and partner services, unifying the end-to-end process with direct API access for licensed banks, money service operators, and businesses; enables reliable and secure payments to over 80 countries.
• Tranglo Cross-Border Payment Platform Cross-border payment ecosystem powering top e-wallets, banks, and remittance companies across Asia and Europe, offering remittance, business payments, and mobile top-up services with real-time 24/7 global payout capabilities.
• Global Airtime Transfer Service Telecom airtime transfer switching service providing recharge options including pin and pinless transfers across 150+ countries and 500+ mobile operators, generating transaction-fee revenue.
• Tokenized Ordinary Shares (Ethereum and Solana) On-chain representation of Currenc Group's Nasdaq-listed ordinary shares issued on Ethereum and Solana via Securitize, enabling 24/7 trading, fractional ownership, instant settlement, and collateralization for lending; first instance of a Nasdaq-listed company providing direct on-chain equity representation.

Quantifiable outcome

• Tranglo take rate maintained at 0.37%
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Kelly Leung (Venture Partner)minorOthers · 28 May 2026Appointment of Kelly Leung as Venture Partner to advise board on strategic partnerships, Web3/AI expansion, and digital asset initiatives. Leung brings 25+ years experience including roles at Animoca Brands KK and ChainFoundry Group.
• SecuritizecoreTechnology or Integration · 8 April 2026Partnership to tokenize Currenc Group's Nasdaq-listed ordinary shares on Ethereum and Solana blockchains. The tokenization enables 24/7 trading, fractional ownership, instant settlement, and DeFi integration for tokenized shares. Securitize's designation as the first digital transfer agent in NYSE's onchain securities initiative brings institutional credibility.
• Animoca Brands Corporation LimitedcoreStrategic or Co-development Partner · 2 November 2025Proposed reverse merger to create Nasdaq-listed diversified digital assets conglomerate. Animoca Brands shareholders would own ~95% of merged entity. Deal targets Q3 2026 closing with long stop date of December 31, 2026. Exclusivity extended to June 30, 2026.
• RipplecoreStrategic or Co-development Partner · 30 March 2021Ripple acquired 40% stake in Tranglo to scale RippleNet and On-Demand Liquidity (ODL) service using XRP. Partnership enables instant cross-border payments without costly pre-funding. Tranglo enables ODL across 25+ payment corridors.

Scale indicators11 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Remitly Global: Nasdaq-listed digital remittance company serving migrant workers and unbanked populations globally with cross-border money transfer services. Most directly comparable to Currenc's Tranglo cross-border payment business model, target customer base, and inclusive fintech mission.
• Wise plc: Publicly listed cross-border payments platform offering low-cost multi-currency transfers to consumers and businesses. Directly competes with Tranglo's cross-border payment infrastructure business in similar corridors with comparable B2B and B2C API-driven business model.
• MoneyGram International: Global money transfer and cross-border payments company with extensive cash pickup network similar to Tranglo's 140,000+ pickup points. Recently partnered with Ripple for crypto-enabled remittance, paralleling Currenc's strategic positioning with Ripple ODL.
• Animoca Brands: Hong Kong-based Web3 and digital assets conglomerate and proposed reverse merger counterparty for Currenc. Operates a portfolio of 540+ Web3 companies across gaming, NFTs, and DeFi, making it the future combined entity's primary identity post-merger.

Broad incumbents

• Western Union: Largest global cross-border money transfer operator with established global agent network spanning 200+ countries and territories. Comparable as incumbent in remittance space where Tranglo competes, though serving different customer segments and using traditional rails rather than digital-first model.
• PayPal Holdings: Global digital payments giant with Xoom cross-border remittance service. Overlapping capabilities with Currenc's payment infrastructure but serves broader retail, merchant, and digital wallet markets as a diversified fintech rather than remittance specialist.

Emerging players

• Ripple Labs: Crypto-native cross-border payment infrastructure provider and 40% strategic stakeholder in Tranglo. Comparable technology stack for blockchain-based settlement and comparable enterprise target market of banks and remittance operators, with deeper crypto-native focus.
• Circle Internet Financial: USDC stablecoin issuer and crypto payments infrastructure provider. Comparable as emerging player in crypto-enabled cross-border payments and stablecoin settlement infrastructure, directly relevant to Currenc's Ripple ODL integration and broader stablecoin trends.
• dLocal: Nasdaq-listed cross-border payments platform focused on emerging markets including Southeast Asia and Latin America. Comparable emerging market focus to Tranglo's regional strategy and similar API-first B2B payment infrastructure business model.
• Revolut: Global digital banking and cross-border payments fintech serving consumers and businesses across 150+ countries. Comparable digital financial services model targeting unbanked and migrant populations, similar to Currenc's inclusive fintech mission and emerging market focus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/currencgroupinc
• Xx.com/TNGFinTech
• Facebookfacebook.com/TNG.FinTech

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Currenc Group