Currenc Group Inc. Announces CEO Transition

Rhea-AI Summary

Currenc Group (Nasdaq: CURR), a fintech company specializing in AI solutions for financial institutions, announced a significant leadership change. Founder and Executive Chairman Alex Kong will return as CEO, replacing Dr. Ronnie Hui who has stepped down from the position.

Kong, who previously served as CEO, will focus on accelerating the company's growth initiatives and expanding its global AI ecosystem. The transition aims to strengthen Currenc's position in digital remittance and AI-powered financial solutions, building upon Dr. Hui's contributions during his tenure.

Positive

• Seamless leadership transition with founder Alex Kong returning as CEO
• Executive continuity maintained with former CEO's established foundation
• Potential acceleration of growth initiatives under founder's leadership

Negative

• Unexpected CEO departure could signal potential internal challenges
• Leadership change may cause temporary strategic uncertainty

SINGAPORE, Aug. 15, 2025 (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 Dr. Ronnie Hui has stepped down as Chief Executive Officer. Alex Kong, Currenc’s Founder and Executive Chairman, will assume the Chief Executive Officer position.

“On behalf of the Board and executive team, I would like to thank Ronnie for his leadership and dedication to Currenc throughout his tenure,” said Mr. Kong. “Ronnie has skillfully guided the Company through a period of significant evolution, navigating various market challenges with confidence and clarity. His contributions have laid a strong foundation for Currenc’s next phase of growth. Supported by his legacy, I am excited to return to the CEO role as Currenc continues to redefine fintech for the AI era.”

As Currenc’s founder and former CEO, Mr. Kong is well-positioned to ensure a seamless executive transition. His proven track record and deep expertise will empower Currenc to accelerate its growth initiatives and expand its global AI ecosystem for financial institutions, strengthening the Company’s industry leadership in digital remittance and AI-powered financial solutions.

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.

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

SOURCE: Currenc Group Inc.

FAQ

Why did Currenc Group (CURR) CEO Dr. Ronnie Hui step down?

The press release does not specify the exact reason for Dr. Hui's departure. The company acknowledged his leadership and contributions in navigating market challenges and establishing a strong foundation for growth.

Who is the new CEO of Currenc Group (CURR)?

Alex Kong, the company's Founder and Executive Chairman, will assume the CEO position. Kong previously served as CEO and brings extensive experience to the role.

What is Currenc Group's (CURR) main business focus?

Currenc Group is a fintech pioneer that provides AI solutions to financial institutions worldwide, specializing in digital remittance and AI-powered financial solutions.

How will the CEO change affect Currenc Group's (CURR) strategy?

Under Alex Kong's leadership, Currenc plans to accelerate growth initiatives and expand its global AI ecosystem for financial institutions, building upon the foundation established during Dr. Hui's tenure.

When did the Currenc Group (CURR) CEO transition take effect?

The CEO transition was announced on August 15, 2025, with Alex Kong immediately assuming the CEO position following Dr. Ronnie Hui's departure.