Currenc Group Inc. Divests 60% Stake in Tranglo for $400 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2026
0mins
Source: Globenewswire
- Strategic Milestone: Currenc Group Inc. has executed a definitive agreement to divest its 60% controlling interest in Tranglo to New Margin Holding Limited for $400 million, marking a significant step in the company's value-unlocking and strategic transformation initiatives.
- Clear Use of Proceeds: The $400 million cash proceeds from this transaction will be utilized to reduce debt, thereby strengthening Currenc's financial position and enhancing strategic flexibility as it advances its initiatives in AI and digital assets.
- Significant Market Impact: As a leading cross-border payment hub with over 5,000 bank connections and 140,000 cash pickup points, the completion of this transaction will lay a solid foundation for Tranglo's future growth while enhancing Currenc's market position in the fintech sector.
- Restructuring Strategy Initiation: This divestment represents the first executed step in Currenc's multi-step restructuring strategy aimed at spinning off existing businesses and pursuing a reverse merger with Animoca Brands, demonstrating the company's commitment to shareholder value and confidence in future growth.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like CURR with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on CURR
About CURR
CURRENC Group Inc. is a Singapore-based investment holding company. The Company is a fintech and digital remittance provider that enables electronic wallets, remittance companies, and corporations to offer real-time, global payment services, advancing financial access across underserved communities. The Company’s segments include Remittance Services and Sales of Airtime. The Remittance Services segment is operated through Tranglo Sdn BHD and related subsidiaries (Tranglo). Tranglo operates a remittance hub covering Southeast Asia and globally, which is in the downstream segment of the remittance business. The Company operates the Sales of Airtime segment through its international airtime transfer business through Tranglo and its retail airtime trading business locally in Indonesia through PT Walletku Indompet Indonesia (WalletKu). Its subsidiaries are Seamless Group Inc., Dynamic Investment Holdings Limited, and Bagus Fintech Pte. Ltd., among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Currenc Group Receives Nasdaq Compliance Notice for Annual Meeting Delay
- Compliance Warning: Currenc Group received a notice from Nasdaq on January 12 for failing to hold its annual shareholders' meeting within 12 months of its fiscal year-end, although this notice does not have an immediate impact on trading.
- Remedial Plan: The company has 45 days to submit a plan to regain compliance and intends to consult with Nasdaq on whether its scheduled annual meeting on February 25 could restore compliance, with Nasdaq potentially granting up to 180 days for compliance recovery.
- Stock Price Reaction: Following the compliance notice, Currenc's stock fell 2.66% in after-hours trading to $1.46, indicating market concerns regarding the compliance issue.
- Recent Developments: Recently, Currenc announced the divestment of its controlling interest in Tranglo for $400 million and saw a 30% stock price increase due to a reverse merger with Animoca Brands, highlighting the company's active capital management strategies.
Continue Reading
Currenc Group Inc. Receives Nasdaq Compliance Warning Due to Annual Meeting Delay
- Compliance Warning: Currenc Group Inc. received a Nasdaq Annual Meeting Deficiency Letter on January 12, 2026, due to failure to hold an annual meeting within 12 months of the fiscal year-end, which may impact the company's reputation.
- Remediation Timeline: The company has 45 days from January 12, 2026, to submit a plan to regain compliance, and if accepted by Nasdaq, it may receive an extension of up to 180 days until June 29, 2026.
- Meeting Schedule: Currenc plans to hold its annual meeting on February 25, 2026, and will consult with Nasdaq to determine if this meeting can restore compliance, or if additional actions are required.
- Business Impact: Although the compliance issue does not immediately affect the listing or trading of the company's securities, failure to resolve it promptly could negatively impact the company's financing capabilities and market trust.
Continue Reading