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Organization and business | 3 Months Ended
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Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Organization and business | 1 Organization and business Currenc Group Inc. and its wholly owned subsidiaries (collectively, the “Company” or “Currenc”) is a limited liability company incorporated in the Cayman Islands on March 8, 2021. It is an investment holding company headquartered in Singapore. The Company was originally a publicly traded special purpose acquisition company named INFINT Acquisition Corporation (“INFINT”), which was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities. The Company’s principal subsidiaries at March 31, 2025, are set out below: Schedule of principal subsidiaries
|  |  |  |  |  | Percentage of ownership held by the Company
Company Name |  | Place of incorporation |  | Principal activities |  | Directly |  | Indirectly
Seamless Group Inc. |  | Cayman Islands |  | Investment holding |  | 100% |  |
Dynamic Investment Holdings Limited |  | Cayman Islands |  | Investment holding |  |  |  | 100%
Bagus Fintech Pte. Ltd. |  | Singapore |  | Providing business center services |  | — |  | 100%
CURRENC Capital Inc. |  | Cayman Islands |  | Investment holding |  | 100% |  | —
CURRENC US INC. |  | United States |  | Investment holding |  | 100% |  | —
CURRENC Power Inc. |  | Cayman Islands |  | Investment holding |  | 100% |  | —
Seamless AI Inc. |  | BVI |  | Investment holding |  | — |  | 51%
Seamless Lab Limited |  | Hong Kong |  | Development of AI call center and system integration |  | — |  | 51%
CURR-ARC GP Limited |  | Hong Kong |  | Acting as General Partner of Limited Partnership Fung |  | — |  | 100%
CURR-ARC AI Fund 1 LPF |  | Hong Kong |  | Limited Partnership Fund |  | — |  | 100%
Tranglo Sdn. Bhd. |  | Malaysia |  | Provision of international airtime reload, international money transfer services, its related implementation, technical and maintenance services |  | — |  | 60%
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%
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 |  | — |  | 100%
CURRENC GROUP INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 1 Organization and business (continued)
Dynamic Indonesia Pte. Ltd. |  | Singapore |  | Retail sales via the internet and development of other software and programming activities |  |  | — |  |  |  | 82.0 | %
PT Dynamic Wallet Indonesia |  | Indonesia |  | Business operations have not commenced |  |  | — |  |  |  | 82.2 | %
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 |  |  | — |  |  |  | 82.2 | %

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