Currenc Group Inc. CURR
otherwise indicated or the context otherwise requires, references in this section to "Seamless," "it," or "their,"
generally refer to Seamless Group Inc. prior to the Business Combination and to Currenc Group Inc. after giving effect to the Business
Combination.
a limited liability company incorporated in the Cayman Islands on March 8, 2021. It is an investment holding company headquartered in
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Malaysia
- Indonesia
- Hong Kong
| Region | FY2024 | FY2023 |
|---|---|---|
| Malaysia | $27.6M | $29.3M |
| Indonesia | $14.5M | $14.2M |
| Hong Kong | $4.4M | $9.7M |
As the company reported it, from the “Schedule of forth the revenues by geographical area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Sales of Airtime
- Fiat Remittance Service
- ODL Remittance Service
- Other
| Segment | FY2024 | FY2023 |
|---|---|---|
| Sales of Airtime | $23.8M | $26.4M |
| Fiat Remittance Service | $21.6M | $25.3M |
| ODL Remittance Service | $880.2K | $1.4M |
| Other | $122.4K | $161.5K |
As the company reported it, from the “Schedule of segment reporting for revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $37.8M | $46.4M | $53.3M | — | — |
| Cost of revenue | $22.4M | $31.8M | $35.9M | — | — |
| Gross profit | $15.4M | $14.6M | $17.4M | — | — |
| SG&A | $23.4M | $42.0M | $24.0M | — | — |
| Operating income | -$7.9M | -$27.4M | -$6.6M | -$4.0M | — |
| Pre-tax income | -$18.4M | -$38.2M | -$13.9M | — | — |
| Income tax | $148.9K | $578.3K | $523.5K | — | — |
| Net income | -$18.4M | -$39.5M | -$15.3M | -$1.1M | — |
| EPS, basic | -0.30 | -1.03 | -0.45 | — | — |
| EPS, diluted | -0.30 | -1.03 | -0.45 | — | — |
| Shares, diluted (wtd. avg.) | 61.5M | 38.2M | 34.0M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $75.2M | $63.8M | $48.5M | $271.5K | $1.0M |
| Short-term investments | — | — | $300.0K | — | — |
| Inventory | $30.5K | $89.1K | $125.6K | — | — |
| Total current assets | $101.0M | $87.5M | $103.4M | $366.0K | $1.6M |
| Property, plant and equipment | $1.0M | $1.1M | $1.0M | $200.0K | — |
| Goodwill | $9.7M | $12.1M | $27.0M | — | — |
| Other intangibles | $1.8M | $3.4M | $4.9M | — | — |
| Total assets | $114.1M | $104.7M | $141.5M | $209.3M | $204.6M |
| Accounts payable | $10.9K | $13.7K | $10.5K | — | $76.5K |
| Short-term debt | $1.2M | $3.7M | $9.0M | — | — |
| Total current liabilities | $90.3M | $145.4M | $173.9M | $2.9M | $76.5K |
| Long-term debt | $1.2M | $3.7M | $2.5M | — | — |
| Total liabilities | $95.4M | $146.4M | $177.7M | $8.9M | $6.1M |
| Retained earnings | -$150.0M | -$131.5M | -$92.1M | -$8.5M | -$4.4M |
| Total equity | -$5.7M | -$66.0M | -$39.1M | -$24.7M | -$4.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $7.9M | $3.5M | -$15.3M | -$756.7K | — |
| Depreciation and amortisation | $495.7K | $525.3K | $607.1K | — | — |
| Stock-based compensation | $4.0M | $20.9M | — | — | — |
| Capital expenditure | $479.0K | $576.7K | $291.9K | — | — |
| Investing cash flow | -$478.4K | -$565.0K | $1.4M | -$3.0M | — |
| Financing cash flow | $4.0M | $2.0M | -$1.2M | $3.0M | — |
| Buybacks | — | — | $133.1M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-020709.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $53.3M | $46.4M | $37.8M |
| Gross profit | — | — | $17.4M | $14.6M | $15.4M |
| Net income | — | -$1.1M | -$15.3M | -$39.5M | -$18.4M |
Recent filings and events
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed Item 1.01
- Unregistered share sale Item 3.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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