Currenc Group Announces Strategic Divestment of Controlling Interest in Tranglo to New Margin Holding for US$400 Million

Rhea-AI Summary

Currenc Group (Nasdaq: CURR) announced that its subsidiary Seamless Group has signed a definitive agreement to sell its 60% controlling stake in Tranglo for an aggregate US$400 million in cash to New Margin Holding Limited, payable in two installments: US$200 million at closing and US$200 million within 90 days. Tranglo operates a global payments network with 5,000+ bank connections and 140,000+ cash pickup points. Currenc plans to use proceeds to reduce debt and support its spin-off, AI, Web3 and digital assets roadmap. Completion is subject to customary regulatory approvals and shareholder processes.

Positive

• US$400 million cash consideration for 60% stake
• Proceeds earmarked to reduce debt
• Tranglo network: 5,000+ bank connections
• Tranglo network: 140,000+ cash pickup points
• Buyer NewMargin manages RMB40 billion in assets

Negative

• Consideration paid in two installments with US$200M deferred up to 90 days
• Completion contingent on regulatory approvals and shareholder processes

Key Figures

Tranglo sale price US$400 million Aggregate cash consideration for 60% stake divested to New Margin Holding

Stake sold 60% Controlling interest in Tranglo’s total issued share capital

Shares divested 100,465 ordinary shares Tranglo shares representing 60% of issued share capital

Initial payment US$200 million Cash payable on closing date of Tranglo divestment

Deferred payment US$200 million Cash payable on or before 90 days after closing

Bank connections more than 5,000 Global bank connections supporting Tranglo remittance payouts

Cash pickup points over 140,000 Global cash pickup locations in Tranglo’s payout network

NewMargin AUM over RMB40 billion Assets under management by NewMargin Ventures

Market Reality Check

$1.81 Last Close

Volume Volume 112,969 is below the 20-day average of 182,037, suggesting muted pre-news positioning. low

Technical Shares trade above the 200-day MA ($1.79 vs. $1.65), indicating an improving longer-term trend before this divestment news.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 01	First-half earnings	Negative	+1.5%	Weaker revenue, higher expenses, and net loss despite modest positive price move.
Nov 11	Portfolio milestones	Negative	-5.0%	Animoca merger terms heavily favor Animoca holders; shares declined on dilution risk.
Nov 10	Q3 2025 earnings	Positive	+0.3%	Margin expansion, cost cuts, and positive EBITDA supported a small positive reaction.
Nov 03	Reverse merger proposal	Negative	-37.3%	Proposed Animoca reverse merger with Currenc shareholders owning ~5% drove sharp selloff.
Oct 09	Convertible note deal	Negative	+0.3%	Up to $33M unsecured convertible notes and warrants implied dilution yet shares edged up.

Pattern Detected

Stock often sold off on dilutive financing and reverse merger headlines, while operational improvements and earnings updates saw modest or mixed reactions.

Recent Company History

Over the past few months, Currenc reported mixed operating trends, with Tranglo TPV of US$2.8 billion for 1H25 and improved margins and EBITDA of US$3.6 million in Q3 2025. The company pursued a major strategic shift via a proposed reverse merger with Animoca Brands, under which Currenc holders would own about 5% of the combined entity, and raised up to $33 million through unsecured convertible notes. Today’s Tranglo divestment for US$400 million aligns with that spin-off and restructuring roadmap.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-12-11

US$150,000,000 registered capacity

An active Form F-3 shelf registered up to US$150,000,000 of securities, giving Currenc flexibility to issue ordinary shares, debt, warrants, rights or units over time via prospectus supplements. This structure enables the company to access capital markets in multiple tranches as needed, subject to demand and market conditions, potentially impacting existing shareholders through future issuances.

Market Pulse Summary

The stock moved +5.9% in the session following this news. A strong positive reaction aligns with the sizeable US$400 million cash divestment of Currenc’s 60% stake in Tranglo and management’s stated goal of simplifying the business ahead of the proposed Animoca reverse merger. Investors have previously reacted sharply to strategic and capital-structure moves. With an active US$150,000,000 shelf in place and recent convertible note activity, future equity or debt issuance remained a factor that could have influenced how sustainable any sharp upside move became.

Key Terms

share purchase agreement financial

"has executed a definitive share purchase agreement to divest its 60% controlling"

A share purchase agreement is a written contract that outlines the terms and conditions for buying and selling shares of a company. It specifies details like the price, number of shares, and any special conditions, ensuring both buyer and seller agree on the transaction. For investors, it provides clarity and legal protection, making sure the purchase is clear and enforceable.

controlling interest financial

"to divest its 60% controlling interest in Tranglo Sdn. Bhd. (“Tranglo”)"

A controlling interest is when a person or group owns enough shares of a company to influence or make decisions about how it is run. It’s similar to having a majority of votes in a group project, giving you the power to guide decisions. For investors, holding a controlling interest means they can significantly affect the company’s direction and policies.

spin off financial

"plan to monetize and spin off its existing operating businesses, allowing the"

A spin-off is when a company separates one part of its operations into a new, independent company and distributes shares of that new business to existing shareholders. Think of it like a parent splitting a large household into two smaller homes so each can manage its own budget and goals. Investors watch spin-offs because they can reveal hidden value, change growth and risk profiles, and create separate investment choices that may trade at different prices than the original company.

reverse-merger financial

"alongside a proposed reverse-merger framework with Animoca Brands."

A reverse-merger is a shortcut for a private company to become publicly traded by combining with an existing public company that has few assets (a “shell”), with the private owners taking control and the public listing transferring to the private business. Investors care because this process can be faster and cheaper than a traditional public offering but often brings higher uncertainty about disclosure, governance and financial history—like buying a ready-made storefront instead of building one from the ground up.

regulatory approvals regulatory

"including the receipt of required regulatory approvals in relevant jurisdictions"

Regulatory approvals are official permissions from government agencies that a company needs before launching a new product, service, or business activity. They matter because without this approval, the company might not be allowed to operate legally or sell its products, similar to how a driver needs a license to legally drive a car.

mergers and acquisitions financial

"believes that NewMargin’s capital strength and mergers and acquisitions expertise"

Mergers and acquisitions are processes where companies combine or one company purchases another to grow or improve their business. Think of it like two teams joining forces or one team buying out another to become stronger and more competitive. These activities matter to investors because they can influence a company's value, future growth, and overall market position.

AI-generated analysis. Not financial advice.

SINGAPORE, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Currenc Group Inc. (Nasdaq: CURR) (“Currenc” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced that its wholly owned subsidiary, Seamless Group Inc., has executed a definitive share purchase agreement to divest its 60% controlling interest in Tranglo Sdn. Bhd. (“Tranglo”) to New Margin Holding Limited. The transaction marks a pivotal milestone in the Company’s strategic transformation and value-unlocking initiatives.

Tranglo is a leading cross-border payment hub that enables secure and seamless international transactions for businesses and financial institutions, including remittances, business payments, and mobile top-ups, supported by a broad global network of banks, e-wallets, and payout partners, facilitating last-mile remittance payout connectivity for major e-wallet players across multiple markets through more than 5,000 bank connections and over 140,000 cash pickup points globally.

The divestment represents a foundational step in Currenc’s plan to monetize and spin off its existing operating businesses, allowing the Company to streamline its corporate structure and accelerate the realization of shareholder value. Under the terms of the agreement, Currenc will divest 100,465 ordinary shares of Tranglo, representing 60% of Tranglo’s total issued share capital, for an aggregate purchase price of US$400 million, payable entirely in cash. The consideration will be paid in two installments, with US$200 million payable on the closing date and the remaining US$200 million payable on or before the date that is ninety (90) days after closing.

The US$400 million consideration underscores the intrinsic value of Tranglo and reflects Currenc’s disciplined execution in unlocking value from its operating assets. The Company intends to use the proceeds to reduce its debt, thereby strengthening its financial position and enhancing strategic flexibility as it advances its broader corporate roadmap into AI, Web3, and Digital Assets initiatives. As previously announced, Currenc is pursuing a multi-step restructuring strategy that includes the separation and spin-off of its existing businesses, alongside a proposed reverse-merger framework with Animoca Brands. The divestment of Tranglo represents the first executed step in this process, demonstrating Currenc’s commitment to delivering on its strategic guidance.

Founded in 1999, NewMargin Ventures (“NewMargin”) manages over RMB40 billion in assets and has invested in more than 300 companies, with approximately 100 portfolio companies having completed successful IPOs or strategic exits. NewMargin intends to complete this transaction through its affiliated offshore investment entity, New Margin Holding Limited. The Company believes that NewMargin’s capital strength and mergers and acquisitions expertise will support Tranglo’s next phase of growth and expansion.

Alex Kong, Founder, Chief Executive Officer, and Executive Chairman of Currenc Group, remarked, “This transaction represents a defining moment for Currenc. This US$400 million divestment of Tranglo validates the strength of the businesses we have built and marks the first concrete step in executing our spin-off and transformation strategy. We believe this action positions Currenc to unlock significant value for shareholders while setting the foundation for our next phase of growth.”

Completion of the transaction is subject to the satisfaction of customary closing conditions, including the receipt of required regulatory approvals in relevant jurisdictions, as well as the completion of applicable shareholder processes under existing arrangements. The transaction is expected to close following the satisfaction or waiver of these conditions in accordance with the terms of the agreement.

About Currenc Group Inc.
Currenc Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.
For additional information, please refer to the Currenc website https://www.currencgroup.com and the annual report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission.

Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

Investor & Media Contact
Currenc Group Investor Relations
Email: investors@currencgroup.com

FAQ

What did Currenc (CURR) announce on January 2, 2026 about Tranglo?

Currenc announced a definitive agreement to sell its 60% stake in Tranglo for US$400 million, payable in two installments.

How and when will Currenc receive the US$400 million for Tranglo (CURR)?

The buyer will pay US$200 million at closing and the remaining US$200 million on or before 90 days after closing.

What will Currenc (CURR) do with the proceeds from the Tranglo sale?

The company intends to use the proceeds to reduce debt and support its corporate transformation into AI, Web3 and digital assets.

Who is buying Tranglo from Currenc (CURR) and what is their scale?

New Margin Holding Limited, affiliated with NewMargin Ventures, which manages over RMB40 billion and has invested in >300 companies, is the buyer.

What closing conditions could delay Currenc's (CURR) Tranglo divestment?

The transaction requires customary regulatory approvals in relevant jurisdictions and completion of applicable shareholder processes.