CURR on Nasdaq
Currenc Group Inc.
Business services company in the Cayman Islands, listed on Nasdaq (CURR). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
Compare with Datavault AI Inc., Investview, Inc. or Research Solutions, Inc., or pick any stock.
- TickerCURR on Nasdaq1
- IndustryServices-Business Services, NEC1
- HeadquartersE91
- Incorporated inCayman Islands3
- Business address410 North Bridge Road, Spaces City Hall, Singapore, 1887263
- Filer categoryNon-accelerated filer, Emerging growth company3
See how the biggest companies compare on our leaderboards
INFINT Capital LLC (the “Sponsor”), and we entered into a $1.75 million PIPE Offering, as set forth below.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
40.8%Gross margin2
-21.0%Operating margin2
-48.7%Net margin2
-18.6%Revenue growth, 20252
$7.4MFree cash flow2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Fiat Remittance Service brought in 58% of the revenue Currenc Group Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Fiat Remittance Service | $21.6M | $21.7M |
| Sales of Airtime | $23.8M | $15.6M |
| ODL Remittance Service | $880.2K | $430.5K |
| Other Services | $122.4K | $16.3K |
Regions
MYMember brought in 80% of the revenue Currenc Group Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| MYMember | $27.6M | $30.1M |
| ID | $14.5M | $7.7M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue59¢$22.4M
- Other costs40¢$15.3M
- Income tax0¢$148.9K
Out of $37.8M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending6¢$479.0K
- Kept or used elsewhere94¢$7.4M
Out of $7.9M of cash from operations.2
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $37.8M | $46.4M |
| Cost of revenue | -$22.4M | -$31.8M |
| Gross profit | $15.4M | $14.6M |
| Selling expenses | $13.4K | |
| General and administrative expenses | $23.4M | $42.0M |
| Loss from operations | -$7.9M | -$27.4M |
| Finance costs, net | -$3.1M | -$8.5M |
| Other income/(loss) | -$6.7M | -$2.2M |
| Other expenses | -$589.9K | -$163.6K |
| Loss before income tax | -$18.4M | -$38.2M |
| Income tax expense | -$148.9K | -$578.3K |
| Net loss | -$18.5M | -$38.8M |
| Net loss/(income) attributable to non-controlling interests | $72.4K | -$648.6K |
| Net loss attributable to Currenc Group Inc. | -$18.4M | -$39.5M |
| Loss per share, basic | -$0.30 | -$1.03 |
| Loss per share, diluted | -$0.30 | -$1.03 |
| Weighted average shares outstanding of ordinary share, basic | 61.5M shares | 38.2M shares |
| Weighted average shares outstanding of ordinary share, diluted | 61.5M shares | 38.2M shares |
| Foreign currency translation adjustments | $762.6K | -$209.5K |
| Total comprehensive loss | -$17.7M | -$39.0M |
| Total comprehensive income attributable to non-controlling interests | -$88.0K | -$650.0K |
| Total comprehensive loss attributable to Currenc Group Inc. | -$17.8M | -$39.7M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $75.2M | $63.8M | |
| Restricted cash | $34.7K | $40.7K | |
| Accounts receivable, net | $1.2M | $2.1M | |
| Prepayments, receivables and other assets | $23.5M | $20.9M | |
| Total current assets | $101.0M | $87.5M | |
| Equipment, net | $1.0M | $1.1M | |
| Right-of-use asset | $199.1K | $349.2K | |
| Intangible assets, net | $1.8M | $3.4M | |
| Goodwill | $9.7M | $12.1M | $27.0M |
| Deferred tax assets | $232.1K | $342.8K | |
| Total non-current assets: | $13.0M | $17.2M | |
| Total assets | $114.1M | $104.7M | |
| Borrowings | $11.9M | $20.2M | |
| Receivable factoring | $298.7K | $258.4K | |
| Accounts payable, accruals and other payables | $63.8M | $55.3M | |
| Convertible bonds | $1.8M | ||
| Lease liabilities | $186.6K | $171.9K | |
| Total current liabilities | $90.3M | $145.4M | |
| Convertible bonds | $4.6M | ||
| Deferred tax liabilities | $508.6K | $876.9K | |
| Employee benefit obligation | $45.3K | ||
| Lease liabilities | $156.6K | ||
| Other payables | $44.0K | ||
| Total non-current liabilities: | $5.2M | $1.1M | |
| Total liabilities | $95.4M | $146.4M | |
| Ordinary shares (US$0.0001 par value; 555,000,000 shares authorized 76,611,444 and 46,527,999 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively) | $7.7K | $4.7K | |
| Additional paid-in capital | $143.8M | $65.6M | |
| Accumulated deficit | -$150.0M | -$131.5M | |
| Accumulated other comprehensive income | $479.6K | -$108.1K | |
| Total shareholders deficit attributable to Currenc Group Inc. | -$5.7M | -$66.0M | |
| Non-controlling interests | $24.3M | $24.2M | |
| Total equity/(deficit) | $18.7M | -$41.8M | -$39.1M |
| Total liabilities and shareholders equity/(deficit) | $114.1M | $104.7M | |
| Common stock, par value per share | $0.00 | $0.00 | |
| Common stock, shares authorized | 555.0M shares | 555.0M shares | |
| Common stock, shares issued | 76.6M shares | 46.5M shares | |
| Common stock, shares outstanding | 76.6M shares | 46.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $75.2M | $63.8M | |
| Restricted cash | $34.7K | $40.7K | |
| Accounts receivable, net | $1.2M | $2.1M | |
| Prepayments, receivables and other assets | $23.5M | $20.9M | |
| Total current assets | $101.0M | $87.5M | |
| Equipment, net | $1.0M | $1.1M | |
| Right-of-use asset | $199.1K | $349.2K | |
| Intangible assets, net | $1.8M | $3.4M | |
| Goodwill | $9.7M | $12.1M | $27.0M |
| Deferred tax assets | $232.1K | $342.8K | |
| Total non-current assets: | $13.0M | $17.2M | |
| Total assets | $114.1M | $104.7M | |
| Borrowings | $11.9M | $20.2M | |
| Receivable factoring | $298.7K | $258.4K | |
| Accounts payable, accruals and other payables | $63.8M | $55.3M | |
| Convertible bonds | $1.8M | ||
| Lease liabilities | $186.6K | $171.9K | |
| Total current liabilities | $90.3M | $145.4M | |
| Convertible bonds | $4.6M | ||
| Deferred tax liabilities | $508.6K | $876.9K | |
| Employee benefit obligation | $45.3K | ||
| Lease liabilities | $156.6K | ||
| Other payables | $44.0K | ||
| Total non-current liabilities: | $5.2M | $1.1M | |
| Total liabilities | $95.4M | $146.4M | |
| Ordinary shares (US$0.0001 par value; 555,000,000 shares authorized 76,611,444 and 46,527,999 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively) | $7.7K | $4.7K | |
| Additional paid-in capital | $143.8M | $65.6M | |
| Accumulated deficit | -$150.0M | -$131.5M | |
| Accumulated other comprehensive income | $479.6K | -$108.1K | |
| Total shareholders deficit attributable to Currenc Group Inc. | -$5.7M | -$66.0M | |
| Non-controlling interests | $24.3M | $24.2M | |
| Total equity/(deficit) | $18.7M | -$41.8M | -$39.1M |
| Total liabilities and shareholders equity/(deficit) | $114.1M | $104.7M | |
| Common stock, par value per share | $0.00 | $0.00 | |
| Common stock, shares authorized | 555.0M shares | 555.0M shares | |
| Common stock, shares issued | 76.6M shares | 46.5M shares | |
| Common stock, shares outstanding | 76.6M shares | 46.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$18.5M | -$38.8M |
| Non-cash expense for share-based compensation | $4.0M | $20.9M |
| Non-cash expense for share issued for service providers | $561.2K | $1.0M |
| Non-cash expense others | $5.4M | |
| Non-cash offering costs for convertible note | $2.5M | |
| Non-cash finance cost for debt conversion | $340.2K | |
| Non-cash loss on issuance of Convertible Note | $599.5K | |
| Depreciation of equipment | $495.7K | $525.3K |
| Depreciation of right-of-use assets | $197.0K | $185.1K |
| Amortization of intangible assets | $1.5M | $2.2M |
| (Provision)/reversal of provision for doubtful debts | -$49.3K | $143.7K |
| Impairment loss on receivables | $3.2M | |
| Gain on disposal of subsidiaries | -$21.7M | |
| Goodwill impairment | $2.3M | $14.9M |
| Deferred income taxes | -$378.4K | $127.7K |
| Loss on disposal of fixed assets | $663 | |
| Unrealized foreign exchange loss/(gain) | $779.2K | -$659.5K |
| Accounts receivable | $940.6K | $140.6K |
| Prepayments to remittance agents | $98.6K | |
| Amounts due to immediate holding company | $1.6M | -$393.2K |
| Amounts due from related parties | -$5.8M | $4.2M |
| Amounts due to related parties | $6.1M | -$6.9M |
| Prepayments, receivables and other assets | $813.7K | $8.0M |
| Escrow money payable | $10.4K | |
| Client money payable | -$416.7K | |
| Accounts payable, accruals and other payables | $7.4M | $14.2M |
| Lease liabilities | -$204.8K | -$213.7K |
| Net cash provided by operating activities | $7.9M | $3.5M |
| Purchases of property, plant and equipment | -$479.0K | -$576.7K |
| Proceed received from disposal of property, plant and equipment | $596 | |
| Cash acquired from business combination | $43.5K | |
| Acquisition of a subsidiary | -$31.9K | |
| Net cash used in by investing activities | -$478.4K | -$565.0K |
| Proceeds from borrowings | $640.9K | |
| Repayment of borrowings | -$221.3K | |
| Proceeds from receivable factoring | $1.7M | $2.0M |
| Repayment of receivable factoring | -$1.7M | -$2.2M |
| Proceeds from convertible bonds | $4.0M | $1.8M |
| Net cash provided by financing activities | $4.0M | $2.0M |
| Net increase in cash and cash equivalents | $11.4M | $4.9M |
| Income taxes paid | -$324.8K | -$445.5K |
| Interest paid | -$58.1K | -$1.1M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Currenc Group Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
2025
- Chief executive officerAlexander King Ong Kong Mar 18, 2026 to now11
- Chief executive officerRonnie Ka Wah Hui Sep 10, 2024 to Sep 10, 202412
- Chief executive officerAlexander Edgarov Mar 17, 2022 to Mar 17, 202213
- Chief financial officerWan Lung Eng Mar 18, 2026 to now14
- Chief financial officerHagay Ravid Sep 10, 2024 to Sep 10, 202415
- Chief financial officerSheldon Brickman Mar 17, 2022 to Mar 17, 202216
Board members and other officers (9)
- Board memberWan Lung Eng Mar 18, 2026 to now14
- Board memberAlexander King Ong Kong Sep 10, 2024 to now17
- Board memberKanagaraj Lorenz Sep 10, 2024 to Sep 10, 202418
- Board memberEng Ho Ng Sep 12, 2024 to now19
- Board memberAlexander Edgarov Mar 17, 2022 to Mar 17, 202213
- Board memberAndrey Novikov Mar 17, 2022 to Mar 17, 202220
- Board memberDave Cameron Mar 17, 2022 to Mar 17, 202221
- Board memberKevin Chen Mar 17, 2022 to now22
- Board memberMichael Moradzadeh Mar 17, 2022 to Mar 17, 202223
Former names
- InFinT Acquisition CorpMay 20, 2021 to Aug 16, 20243
Timeline
Filings
257 filings to the SEC since October 2021: 5 annual reports, 11 quarterly reports, 33 major events, 38 insider forms, 37 large holders, 133 other. The latest 20:
- Oct 7, 2026424B3 EDGAR
- Oct 7, 20266-K EDGAR
- Sep 24, 20266-K EDGAR
- Sep 21, 2026424B3 EDGAR
- Sep 21, 20266-K EDGAR
- Sep 15, 2026424B3 EDGAR
- Sep 4, 20264 EDGAR
- Sep 4, 20264 EDGAR
- Sep 4, 20264 EDGAR
- Sep 2, 20266-K EDGAR
- Jun 24, 20266-K EDGAR
- Jun 4, 20264 EDGAR
- Jun 4, 20264 EDGAR
- Jun 4, 20264 EDGAR
- May 28, 20266-K EDGAR
- May 19, 2026424B3 EDGAR
- May 6, 20266-K EDGAR
- May 4, 20266-K EDGAR
- Apr 30, 202620-F EDGAR
- Apr 29, 20263/A EDGAR
The 257 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
5 open-market trades by officers, directors and large owners since October 2021: 0 buys and 5 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 22, 2024 | COWEN AND COMPANY, LLC10% owner | Sale | 100,574 | $11.35 | $1.1M | Form 4 |
| Feb 21, 2024 | COWEN AND COMPANY, LLC10% owner | Sale | 5,000 | $11.36 | $56.8K | Form 4 |
| Aug 22, 2023 | WOLVERINE ASSET MANAGEMENT LLC | Sale | 220,200 | $11.01 | $2.4M | Form 4 |
| Aug 22, 2023 | Taconic Capital Advisors UK LLP | Sale | 305,000 | $11.01 | $3.4M | Form 4 |
| Aug 2, 2023 | BROSENS FRANK | Sale | 500,000 | $10.92 | $5.5M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Man San WongSCHEDULE 13G, 3 filings Jul 15, 2025 to Oct 7, 202524
- Nga Man WongSCHEDULE 13G/A, 2 filings Jul 25, 202525
- Yafangzhou HuangSCHEDULE 13G/A, 3 filings Jul 15, 2025 to Jul 25, 202526
- GLAZER CAPITAL, LLCSC 13G/A, 3 filings Feb 14, 2023 to Nov 14, 202427
- Polar Asset Management Partners Inc.SC 13G/A, 3 filings Feb 10, 2023 to Nov 14, 202428
- COWEN AND COMPANY, LLCSC 13G/A, 3 filings Feb 2, 2024 to Nov 13, 202429
- First Trust Capital Management L.P.SC 13G/A, 4 filings Feb 28, 2024 to Sep 10, 202430
- WOLVERINE ASSET MANAGEMENT LLCSC 13G/A, 2 filings Feb 8, 2024 to Sep 5, 202431
- METEORA CAPITAL, LLCSC 13G, 1 filing Feb 14, 202432
- Taconic Capital Advisors LPSC 13G/A, 4 filings Feb 10, 2023 to Feb 12, 202433
- PERISCOPE CAPITAL INC.SC 13G/A, 2 filings Feb 13, 2023 to Feb 9, 202434
- Saba Capital Management, L.P.SC 13G/A, 3 filings Nov 29, 2021 to Feb 8, 202435
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSC 13G/A, 3 filings Dec 3, 2021 to Jan 30, 202336
- InfinT Capital LLCSC 13G, 1 filing Mar 17, 202237
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15SEC EDGARHagay Ravid, Chief financial officer
- 16
- 17
- 18SEC EDGARKanagaraj Lorenz, Board member
- 19SEC EDGAREng Ho Ng, Board member
- 20SEC EDGARAndrey Novikov, Board member
- 21SEC EDGARDave Cameron, Board member
- 22SEC EDGARKevin Chen, Board member
- 23SEC EDGARMichael Moradzadeh, Board member
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37