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Organization and business (Tables)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of principal subsidiaries

The Company’s principal subsidiaries at March 31, 2025, are set out below:

 

         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%