Currenc's Unit Executes Agreement To Divest 60% Controlling Stake In Tranglo For $400M To New Margin Holding

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.