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SCHEDULE OF BORROWINGS (Details) - Seamless Group Inc [Member] - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Short-term borrowings [1] $ 8,978,390 $ 3,799,427
Long-term borrowings 12,305,279 2,449,318
Less: current maturities (4,426,000) (344,975)
Non-current maturities $ 7,879,279 $ 2,104,343
[1] As of December 31, 2022 and 2021, the Company had several unsecured short-term loans from independent third parties which were repayable within one year and charged interest rates ranging from 15.0% to 24.0% and 15.0% to 17.0% per annum, respectively. As of December 31, 2022 and 2021, the weighted average interest rate of these borrowings was 22.4% and 15.9% per annum, respectively. The borrowings are denominated in HK$ and US$.