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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 62,300,298 $ 63,821,397
Restricted cash 40,978 40,742
Accounts receivable, net 2,103,924 2,115,681
Other financial assets 3,171,000
Prepayments, receivables and other assets 25,874,112 20,948,216
Total current assets 93,939,406 87,486,859
Non-current assets:    
Equipment and software, net 1,118,661 1,055,520
Right-of-use asset 294,965 349,240
Intangible assets 3,000,978 3,386,117
Goodwill 12,059,428 12,059,428
Deferred tax assets 344,291 342,822
Total non-current assets: 16,818,323 17,193,127
Total assets 110,757,729 104,679,986
Current liabilities:    
Borrowings 20,128,362 20,150,058
Receivable factoring 480,225 258,415
Other financial liabilities 3,329,550
Accounts payable, accruals and other payables 51,411,453 55,329,740
Convertible bonds 1,750,000 1,750,000
Lease liabilities 177,505 171,909
Total current liabilities 153,749,761 145,357,196
Non-current liabilities:    
Deferred tax liabilities 784,479 876,912
Employee benefit obligation 39,259 45,289
Lease liabilities 111,833 156,647
Total non-current liabilities: 935,571 1,078,848
Total liabilities 154,685,332 146,436,044
Commitments and contingencies (Note 10)
Shareholders’ deficit:    
Ordinary shares (US$0.0001 par value; 550,000,000 shares authorized 46,527,999 and 46,527,999 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively) [1] 4,653 4,653
Additional paid-in capital [1] 67,797,587 65,638,838
Accumulated deficit (136,197,260) (131,522,902)
Accumulated other Comprehensive Loss 7,873 (108,122)
Total shareholders’ deficit attributable to Currenc Group Inc. (68,387,147) (65,987,533)
Non-controlling interests 24,459,544 24,231,475
Total deficit (43,927,603) (41,756,058)
Total liabilities, mezzanine equity and shareholders’ deficit 110,757,729 104,679,986
Related Party [Member]    
Current assets:    
Amounts due from related parties 449,094 560,823
Current liabilities:    
Amounts due to related parties $ 76,472,666 $ 67,697,074
[1] Retrospectively restated to reflect Reverse Recapitalization – See Note 1 and Note 2.