Currenc Group (IFIN) founder Alexander Kong takes over CEO role

Rhea-AI Filing Summary

Currenc Group Inc. reported a leadership change, with Dr. Ronnie Ka Wah Hui stepping down as chief executive officer effective August 15, 2025. Under a resignation letter dated August 12, 2025, he will receive a total severance of $100,000, paid in two installments of $50,000 on August 31 and September 30, 2025, and will forfeit 288,421 unvested ordinary shares. The company states his resignation is not due to any disagreements over operations, policies, or practices.

On August 16, 2025, founder and executive chairman Alexander King Ong Kong assumed the chief executive officer role under an amended and restated employment agreement. Mr. Kong will receive an annual base salary of $450,000, eligibility for an annual performance-based bonus, and options to purchase up to 2,500,000 ordinary shares at an exercise price equal to 110% of fair market value on the grant date, subject to shareholder consent or multiple grants under the 2024 Equity Incentive Plan.

Insights

Corporate governance analyst

Currenc Group shifts CEO role to its founder with a sizable option package.

The company reports that Dr. Ronnie Ka Wah Hui has resigned as CEO effective August 15, 2025, with a severance package of $100,000 and forfeiture of 288,421 unvested ordinary shares. It explicitly notes that his resignation is not due to disagreements on operations, policies, or practices, which helps limit immediate concern about internal conflict.

Founder and executive chairman Alexander King Ong Kong becomes CEO on August 16, 2025, consolidating leadership roles. His amended employment agreement provides a base salary of $450,000 and eligibility for a performance-based bonus, plus options to purchase up to 2,500,000 ordinary shares at 110% of fair market value on the grant date. The company plans to seek shareholder consent for this equity award, or alternatively issue it through multiple grants under the 2024 Equity Incentive Plan, so investor reaction may focus on the size and structure of this option package once it is formally presented.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2025

Commission File No. 001-41079

Currenc Group Inc.

(Translation of registrant’s name into English)

410 North Bridge Road, Spaces City Hall, Singapore

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

Form 20-F ☒ Form 40-F ☐

Resignation and Appointment of Chief Executive Officer

On August 15, 2025, Currenc Group, Inc., an exempted company incorporated and registered in the Cayman Islands (the “Company” or “Currenc”), issued a press release (the “Press Release”) announcing that effective August 15, 2025, Dr. Ronnie Ka Wah Hui (“Dr. Hui”) stepped down as chief executive officer of the Company. Pursuant to the Letter Agreement, dated as of August 12, 2025, by and between Dr. Hui and the Company (the “Resignation Letter”), Dr. Hui will receive a severance payment of $100,000, payable in equal installments of $50,000 on August 31, 2025 and September 30, 2025. Dr. Hui will also forfeit 288,421 unvested ordinary shares of the Company. Dr. Hui’s resignation is not due to any disagreements with the Company on any matter related to the Company’s operations, policies or practices.

On August 16, 2025, Alexander King Ong Kong (“Mr. Kong”), Currenc’s founder and executive chairman of the board of directors, assumed the chief executive officer position on the terms set forth in the Employment Agreement, dated as of August 12, 2025, by and between the Mr. Kong and the Company, as amended and restated by the Amended and Restated Employment Agreement, dated as of August 15, 2025, by and between Mr. Kong and the Company (the “A&R Kong Employment Agreement”). Pursuant to the A&R Kong Employment Agreement, Mr. Kong will receive an annual base salary of $450,000 and will be eligible to receive an annual performance based bonus as well as receive options to purchase up to 2,500,000 shares of the Company’s ordinary shares with an exercise price equal to 110% of the fair market value on the date of the grant (the “Equity Award”). Pursuant to the terms of the A&R Kong Employment Agreement, the Company has agreed to seek shareholder consent for approval of the Equity Award and, if no such consent can be obtained, to issue the Equity Award through multiple grants made pursuant to the terms of the Currenc Group Inc. 2024 Equity Incentive Plan.

The foregoing descriptions of the Press Release, the Resignation Letter and the A&R Kong Employment Agreement are qualified in their entirety by reference to the full text of the Press Release, Resignation Letter and the A&R Kong Employment Agreement, copies of which are filed as Exhibit 10.1, Exhibit 10.2 and Exhibit 99.1, respectively, to this Report on Form 6-K.

INDEX TO EXHIBITS

Exhibit No.		Description
10.1		Letter Agreement, dated as of August 12, 2025, by and between Currenc Group, Inc. and Dr. Ronnie Ka Wah Hui
10.2		Amended and Restated Employment Agreement, dated as of August 15, 2025, by and between Currenc Group, Inc. and Alexander King Ong Kong
99.1		Press Release of Currenc Group Inc. dated as of August 15, 2025

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 18, 2025

	CURRENC GROUP INC.
	By:	/s/ Wan Lung Eng
	Name:	Wan Lung Eng
	Title:	Chief Financial Officer

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FAQ

What management change did Currenc Group Inc. (IFIN) disclose in this 6-K?

The company disclosed that Dr. Ronnie Ka Wah Hui stepped down as chief executive officer effective August 15, 2025, and that founder and executive chairman Alexander King Ong Kong assumed the CEO role on August 16, 2025.

What severance will Dr. Ronnie Ka Wah Hui receive from Currenc Group (IFIN)?

Under a resignation letter dated August 12, 2025, Dr. Hui will receive a total severance payment of $100,000, paid in two equal installments of $50,000 on August 31, 2025, and September 30, 2025.

What happens to Dr. Hui’s unvested shares in Currenc Group Inc.?

The filing states that Dr. Hui will forfeit 288,421 unvested ordinary shares of Currenc Group Inc. as part of his resignation arrangements.

What are the main compensation terms for new CEO Alexander King Ong Kong at Currenc Group (IFIN)?

Under an amended and restated employment agreement dated August 15, 2025, Mr. Kong will receive an annual base salary of $450,000, be eligible for an annual performance-based bonus, and be granted options to purchase up to 2,500,000 ordinary shares at 110% of fair market value on the grant date, subject to shareholder consent or issuance via multiple grants under the 2024 Equity Incentive Plan.

Did Currenc Group Inc. cite any disagreements as the reason for Dr. Hui’s resignation?

No. The filing states that Dr. Hui’s resignation is not due to any disagreements with the company regarding its operations, policies, or practices.

Does the equity award for Alexander King Ong Kong require shareholder approval at Currenc Group (IFIN)?

Yes. The company has agreed to seek shareholder consent for approval of the option grant to purchase up to 2,500,000 ordinary shares. If consent cannot be obtained, the company plans to issue the equity award through multiple grants under the 2024 Equity Incentive Plan.