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Organization and business

3 Months Ended

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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- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480424/946-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480424/946-10-50-2

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-Topic 810
-Name Accounting Standards Codification
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-Topic 205
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/205/tableOfContent

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