Recent Updates — CURR
On September 20, 2026, Currenc Group Inc. entered into a secured convertible bridge loan agreement with Apex Innovation Global Limited for US$1,500,000. The loan bears interest at 1% per annum and matures on the earlier of eighteen months after drawdown or the completion of the proposed acquisition of Animoca Brands Corporation Limited. Apex may convert the loan into ordinary shares at a price equal to the lower of US$2.85 or 85% of the lowest price in any subsequent fundraising exceeding US$1,000,000, subject to a floor of US$3.19 and an exchange cap of 19.99%. The facility is secured by a first-ranking mortgage over 1,000,000 shares held by Pine Mountain Holdings Limited and guaranteed personally by Alexander King Ong Kong. Currenc Group Inc. operates in the financial technology industry, providing digital remittance services.
Currenc Group Inc. and Animoca Brands Corporation mutually agreed to suspend merger negotiations regarding a proposed business combination on September 21, 2026. The non-binding term sheet, originally entered into November 2, 2025, contemplated Currenc acquiring all of Animoca Brands' equity via an Australian scheme of arrangement, with Animoca shareholders owning approximately 95% of the merged entity. The parties had previously extended exclusivity until June 30, 2026, but failed to finalize a definitive agreement before that date. This suspension provides Currenc greater flexibility to pursue financing opportunities for growth and operations, though negotiations may resume if conditions permit. Currenc Group Inc. operates in the financial technology industry.
Currenc Group Inc. announced on June 17, 2026, the immediate suspension of active business operations for its Indonesian subsidiary, PT Walletku Indompet Indonesia (WalletKu), due to a lack of working capital and loss of commercial status. The company has authorized up to US$150,000 to settle employee severance and third-party vendor debts through September 2026. Currenc Group Inc. operates in the digital payments and airtime distribution sector.