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DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2024 | Dec. 31, 2023
Seamless Group Inc. [Member] |  |
SCHEDULE OF PRINCIPAL SUBSIDIARIES | The Company’s principal subsidiaries at March 31, 2024 are set out below: SCHEDULE OF PRINCIPAL SUBSIDIARIES
|  |  |  |  |  | Percentage of ownership held by the Company |
Company Name |  | Place of incorporation |  | Principal activities |  | Directly |  |  | Indirectly |
Dynamic Investment Holdings Limited |  | Cayman Islands |  | Investment holding |  |  | 100 | % |  |  | — |
Dynamic (Asia) Group Inc. |  | British Virgin Islands |  | Investment holding |  |  | — |  |  |  | 100 | %
TNG (Asia) Limited |  | Hong Kong |  | Provision of mobile electronic wallet |  |  | 100 | % |  |  | — |
Tranglo Sdn. Bhd. |  | Malaysia |  | Provision of international airtime reload, international money transfer services, its related implementation, technical and maintenance services |  |  | — |  |  |  | 60 | %
未來網絡科技投資股份有限公司 |  | Taiwan |  | Investment holding |  |  | — |  |  |  | 100 | %
GEA Holdings Limited |  | Cayman Islands |  | Investment holding |  |  | — |  |  |  | 100 | %
GEA Limited |  | Hong Kong |  | Operating a global fund transfer platform for financial institutions, e-wallet operators and other participants |  |  | — |  |  |  | 100 | %
GEA Pte Ltd. |  | Singapore |  | Transaction and payment processing services |  |  | — |  |  |  | 100 | %
Bagus Fintech Pte. Ltd. |  | Singapore |  | Providing business center services |  |  | — |  |  |  | 100 | %
Dynamic (Asia) Holdings Limited |  | Cayman Islands |  | Investment holding |  |  | — |  |  |  | 100 | %
Dynamic FinTech Group (HK) Limited |  | Hong Kong |  | Provision of corporate governance consultancy, management and advisory services |  |  | — |  |  |  | 100 | %
Tranglo Holdings Limited |  | Cayman Islands |  | Investment holding |  |  | — |  |  |  | 100 | %
The WSF Group Holdings Limited |  | British Virgin Islands |  | Investment holding |  |  | — |  |  |  | 100 | %
The Wall Street Factory Limited |  | Hong Kong |  | Providing business center services |  |  | — |  |  |  | 100 | %
Bagus Financial Services Limited |  | Hong Kong |  | Provision of IR services and PR function events |  |  | — |  |  |  | 100 | %
SEAMLESS GROUP INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
1 | Organization and business (Continued)
|  |  |  |  |  | Percentage of ownership held by the Company |
Company Name |  | Place of incorporation |  | Principal activities |  | Directly |  |  | Indirectly |
PT Tranglo Indonesia |  | Indonesia |  | Operating money remittance business |  |  | — |  |  |  | 60 | %
PT Tranglo Solusindo |  | Indonesia |  | Providing and sourcing airtime and other related services |  |  | — |  |  |  | 60 | %
Tranglo (MEA) Limited |  | Hong Kong |  | Providing and sourcing airtime and other related services |  |  | — |  |  |  | 60 | %
Tranglo Europe Ltd |  | United Kingdom |  | Operating money remittance business |  |  | — |  |  |  | 60 | %
Tranglo Pte. Ltd. |  | Singapore |  | Operating money remittance business |  |  | — |  |  |  | 60 | %
Tik FX Malaysia Sdn. Bhd. |  | Malaysia |  | Dormant |  |  | — |  |  |  | 60 | %
Treatsup Sdn. Bhd. |  | Malaysia |  | Research, development and commercialisation of Treatsup application and provision of implementation, technical services and maintenance related to the application |  |  | — |  |  |  | 60 | %
Dynamic Indonesia Holdings Limited |  | Cayman Islands |  | Investment holding |  |  | — |  |  |  | 59.2 | %
Dynamic Indonesia Pte. Ltd. |  | Singapore |  | Retail sales via the internet and development of other software and programming activities |  |  | — |  |  |  | 49.8 | %
PT Dynamic Wallet Indonesia |  | Indonesia |  | Business operations have not commenced |  |  | — |  |  |  | 49.9 | %
PT Walletku Indompet Indonesia |  | Indonesia |  | (i) Retail commerce through media, for textile commodities, clothing, footwear and personal needs, (ii) web portal and/or digital platforms for commercial purposes, and (iii) software publisher |  |  | — |  |  |  | 49.9 | %
| The Company’s principal subsidiaries at December 31, 2023 are set out below: SCHEDULE OF PRINCIPAL SUBSIDIARIES
|  |  |  |  |  | Percentage of ownership held by the Company |
Company Name |  | Place of incorporation |  | Principal activities |  | Directly |  |  | Indirectly |
Dynamic Investment Holdings Limited |  | Cayman Islands |  | Investment holding |  |  | 100 | % |  |  | — |
Dynamic (Asia) Group Inc. |  | British Virgin Islands |  | Investment holding |  |  | — |  |  |  | 100 | %
TNG (Asia) Limited |  | Hong Kong |  | Provision of mobile electronic wallet |  |  | 100 | % |  |  | — |
Tranglo Sdn. Bhd. |  | Malaysia |  | Provision of international airtime reload, international money transfer services, its related implementation, technical and maintenance services |  |  | — |  |  |  | 60 | %
未來網絡科技投資股份有限公司 |  | Taiwan |  | Investment holding |  |  | — |  |  |  | 100 | %
GEA Holdings Limited |  | Cayman Islands |  | Investment holding |  |  | — |  |  |  | 100 | %
GEA Limited |  | Hong Kong |  | Operating a global fund transfer platform for financial institutions, e-wallet operators and other participants |  |  | — |  |  |  | 100 | %
GEA Pte Ltd. |  | Singapore |  | Transaction and payment processing services |  |  | — |  |  |  | 100 | %
Bagus Fintech Pte. Ltd. |  | Singapore |  | Providing business center services |  |  | — |  |  |  | 100 | %
Dynamic (Asia) Holdings Limited |  | Cayman Islands |  | Investment holding |  |  | — |  |  |  | 100 | %
Dynamic FinTech Group (HK) Limited |  | Hong Kong |  | Provision of corporate governance consultancy, management and advisory services |  |  | — |  |  |  | 100 | %
Tranglo Holdings Limited |  | Cayman Islands |  | Investment holding |  |  | — |  |  |  | 100 | %
The WSF Group Holdings Limited |  | British Virgin Islands |  | Investment holding |  |  | — |  |  |  | 100 | %
The Wall Street Factory Limited |  | Hong Kong |  | Providing business center services |  |  | — |  |  |  | 100 | %
Bagus Financial Services Limited |  | Hong Kong |  | Provision of IR services and PR function events |  |  | — |  |  |  | 100 | %
SEAMLESS GROUP INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
1 | Organization and business (Continued)
|  |  |  |  |  | Percentage of ownership held by the Company |
Company Name |  | Place of incorporation |  | Principal activities |  | Directly |  |  | Indirectly |
PT Tranglo Indonesia |  | Indonesia |  | Operating money remittance business |  |  | — |  |  |  | 60 | %
PT Tranglo Solusindo |  | Indonesia |  | Providing and sourcing airtime and other related services |  |  | — |  |  |  | 60 | %
Tranglo (MEA) Limited |  | Hong Kong |  | Providing and sourcing airtime and other related services |  |  | — |  |  |  | 60 | %
Tranglo Europe Ltd |  | United Kingdom |  | Operating money remittance business |  |  | — |  |  |  | 60 | %
Tranglo Pte. Ltd. |  | Singapore |  | Operating money remittance business |  |  | — |  |  |  | 60 | %
Tik FX Malaysia Sdn. Bhd. |  | Malaysia |  | Dormant |  |  | — |  |  |  | 60 | %
Treatsup Sdn. Bhd. |  | Malaysia |  | Research, development and commercialisation of Treatsup application and provision of implementation, technical services and maintenance related to the application |  |  | — |  |  |  | 60 | %
Dynamic Indonesia Holdings Limited |  | Cayman Islands |  | Investment holding |  |  | — |  |  |  | 59.2 | %
Dynamic Indonesia Pte. Ltd. |  | Singapore |  | Retail sales via the internet and development of other software and programming activities |  |  | — |  |  |  | 49.8 | %
PT Dynamic Wallet Indonesia |  | Indonesia |  | Business operations have not commenced |  |  | — |  |  |  | 49.9 | %
PT Walletku Indompet Indonesia |  | Indonesia |  | (i) Retail commerce through media, for textile commodities, clothing, footwear and personal needs, (ii) web portal and/or digital platforms for commercial purposes, and (iii) software publisher |  |  | — |  |  |  | 49.9 | %

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