Bolstering Finances and Demonstrating Confidence in Future Growth
SINGAPORE, Aug. 08, 2025 — Currenc Group Inc. (Nasdaq: CURR), a leading fintech company providing AI solutions to financial institutions globally, announced today a definitive agreement for a $54.6 million debt-for-equity swap with its Founder and Executive Chairman, Alex Kong, and Regal Planet Limited, the Company’s controlling shareholder, also controlled by Mr. Kong.
According to the agreement, Currenc will issue 35,653,995 ordinary shares to Mr. Kong and Regal Planet at $1.53 per share, the Nasdaq closing price immediately preceding the agreement. This will fully settle the outstanding related party loans, totaling approximately $54,550,612.30 as of July 22, 2025. This transaction will eliminate the debt owed to Mr. Kong and Regal Planet, which originated from various loan agreements between Currenc, its subsidiaries, Mr. Kong, and Regal Planet, from Currenc’s balance sheet, aligning the Chairman’s interests with those of all shareholders.
“This transaction accomplishes two key objectives: it strengthens our financial position and, importantly, reflects my strong belief in Currenc’s long-term potential,” stated Mr. Kong. “By reinvesting over $54 million of loans into equity, I am reinforcing my commitment to the shared vision with our management, employees, and shareholders, and intensifying our focus on delivering AI-driven solutions to financial institutions worldwide.”
The share issuance will be exempt from registration under the Securities Act of 1933, as amended, and the shares will be subject to resale restrictions.
About Currenc Group Inc.
Currenc Group Inc. (Nasdaq: CURR) is a fintech leader focused on transforming financial services globally through AI. The company provides financial institutions worldwide with AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to lower costs, improve efficiency, and increase customer satisfaction for various financial institutions. Its digital remittance platform also allows e-wallets, remittance companies, and corporations to offer real-time, 24/7 global payment services, improving financial access in underserved communities.
Safe Harbor Statement
This release contains forward-looking statements made under the U.S. Private Securities Litigation Reform Act of 1995’s safe harbor provisions. These statements, including those regarding the Company’s beliefs and expectations, are not historical facts and are subject to risks and uncertainties that could cause actual results to differ materially. These statements can often be identified by terms like “may,” “will,” “expect,” or similar expressions. More information about these risks can be found in the Company’s SEC filings. The information in this release is current as of its date, and the Company is not obligated to update it unless required by law.
Investor & Media Contact
Currenc Group Investor Relations
Email: investors@currencgroup.com
SOURCE: Currenc Group Inc.
