Currenc Group Inc. reports developments in its fintech business, including AI tools for financial institutions and digital remittance services associated with Tranglo and WalletKu. Company updates commonly cover processing activity, remittance revenue, airtime-transfer exposure, operating results, and cost management.
News also includes governance and capital-structure matters for CURR ordinary shares, material agreements, shareholder meeting items, Nasdaq listing-compliance notices, and disclosures tied to the tokenization of ordinary shares. The company is described in its public updates as a Cayman Islands exempted company with securities listed on Nasdaq.
Currenc Group (Nasdaq: CURR), a fintech company specializing in AI solutions for financial institutions, has initiated an investigation into suspected illegal naked short selling of its shares. The company has partnered with Shareholder Intelligence Services (ShareIntel) to monitor and investigate potential trading irregularities.
ShareIntel's proprietary DRIL-Down™ technology will be used to analyze trading patterns, monitor repository data, and enhance trading surveillance. Currenc plans to pursue regulatory and legal actions if evidence of market manipulation is found, demonstrating its commitment to protecting shareholder value amid its global expansion efforts.
CURRENC Group (Nasdaq: CURR) has announced a strategic partnership with Galaxy Payroll Group (Nasdaq: GLXG) to develop AI-powered HR solutions for CURRENC's "AI Staff for Hire" platform. The collaboration will produce two new modules: AI HR Manager for streamlining internal HR operations and AI Recruitment Manager for optimizing recruitment processes.
The AI HR Manager will handle employee onboarding, performance monitoring, and data management, while the AI Recruitment Manager will focus on candidate screening and interview scheduling. These modules will integrate with existing business workflows to enable quick implementation and adoption across the financial industry.
CURRENC Group Inc. (NASDAQ: CURR) reported its full year 2024 financial results, marked by mixed performance and strategic transformation into AI solutions. The company's Total Processing Value (TPV) through Tranglo increased by 13.2% to US$5.14 billion, while total revenues excluding TNG Asia and GEA decreased by 3.4% to US$42.0 million.
Key financial metrics include: remittance revenue growth of 6.4% to US$18.2 million, global airtime revenue decline of 23.8% to US$9.3 million, and gross profit margin improvement to 31% from 28% in 2023. The company reported a net loss of US$38.8 million for 2024.
Strategic initiatives launched in 2024-2025 include:
- SEAMLESS AI Call Centre Solutions
- Plans for a 500MW hyperscale AI data center in Malaysia
- Partnership with ARC Group for a $100 million AI-Focused Fund
- Launch of 'AI Staff for Hire' platform
- Contract with Coin Cove for AI-powered banking services
CURRENC Group Inc. (NASDAQ: CURR) has appointed Wan Lung Eng as its new Chief Financial Officer, effective April 16, 2025. Eng brings over 20 years of experience in finance, accounting, investment banking, and private equity.
His career includes CFO positions at VitalCheck Wellness, Teclison, and Spectral MD, along with executive roles at major financial institutions like RBC Capital Markets, Deutsche Bank Securities, and Macquarie Group. Throughout his career, Eng has executed financing and M&A transactions exceeding US$50 billion in total value across the U.S., Europe, and Asia.
Eng holds an MBA from Duke University and a Bachelor of Accountancy from Nanyang Technological University. The appointment aligns with CURRENC's strategy to enhance its AI initiatives and strengthen its position in the global fintech landscape, particularly in digital remittance and AI-powered financial solutions.
CURRENC Group (Nasdaq: CURR), a fintech company specializing in AI solutions for financial institutions, has scheduled the release of its full year 2024 financial results for Wednesday, April 16, 2025, before market opening.
The company will host a conference call with management at 8:00 a.m. Eastern Time on the same day. Interested parties can participate through online registration or access the live webcast through the company's investor relations website.
CURRENC Group (Nasdaq: CURR) has successfully regained compliance with Nasdaq's continued listing requirements by maintaining a minimum market value of publicly held shares (MVPHS) above $5,000,000 for at least ten consecutive business days. The company received official confirmation from Nasdaq's Listing Qualifications Staff on April 9, 2025, stating that it has satisfied the Global Market's continued listing requirement under Rule 5450(b)(1)(C).
CEO Ronnie Ka Wah Hui emphasized the importance of maintaining Nasdaq listing for the company's strategy and capital markets exposure. CURRENC, a fintech company specializing in AI solutions for financial institutions, views this development as a result of their team's dedication to strengthening their business foundation.
CURRENC Group Inc. (Nasdaq: CURR) has secured a significant contract with Coin Cove to provide comprehensive AI-powered electronic banking solutions through its SEAMLESS AI Lab. The partnership includes implementing a trading platform supporting 150+ digital assets and 600 trading pairs, along with multi-asset collateral and settlement capabilities.
The solution features SEAMLESS AI Call Centre technology, offering 24/7 personalized support - an industry first. The platform will support 15+ fiat currencies and includes customizable wallet solutions. Key features encompass KYC processes, real-time customer support, transaction monitoring, and fraud detection systems.
This collaboration marks the debut of SEAMLESS AI Lab's 'AI Staff for Hire' service, with Coin Cove deploying pre-built AI Agents for staff training across various departments. The partnership also explores potential deployment of AI Agents to support over 320,000 SMEs in Oman, with discussions held with the Omani Ministry of Labour.
CURRENC Group Inc. (Nasdaq: CURR) has launched 'AI Staff for Hire,' a groundbreaking AI solution developed by their SEAMLESS AI Lab. The platform offers pre-built, AI-powered Agents customized for specific business scenarios in the finance industry, including customer support, debt collection, KYC, compliance, and HR management.
The solution features specialized AI Agents like Internal Trainers, General Managers, KYC Officers, and Customer-Facing Sales Representatives. Key capabilities include:
- 24/7 multi-lingual support
- Advanced material digestion and system integration
- Real-time customer interaction insights
- Detailed reporting and performance scoring
The platform aims to help businesses scale operations without workforce expansion, particularly benefiting smaller financial institutions and eWallets in emerging markets like Oman, Pakistan, Egypt, Indonesia, India, and South America. CURRENC expects to leverage cross-selling opportunities between AI offerings and its existing digital remittance and airtime transfer services.
CURRENC Group (NASDAQ: CURR) has announced a strategic partnership with ARC Group to launch the CURR-ARC AI Fund 1, targeting up to $100 million in investments. The fund will be managed by CURR-ARC GP , a joint venture owned 80% by CURRENC and 20% by ARC Group.
The investment strategy allocates:
- 80% towards global AI computing power and green energy infrastructure, including a planned 500MW hyperscale AI data center in Malaysia
- 20% targeting emerging enterprises in AI ecosystems, fintech, and AI-driven solutions
The fund represents CURRENC's first initiative in its strategic AI investment blueprint, aimed at creating a sustainable ecosystem across AI data centers, green energy, fintech, and AI-driven solutions. It will be led by experienced technology and finance experts, asset managers, and AI data center operators.