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Currenc Group
(NASDAQ:CURR)
Currenc Group (CURR) vs. SPDR S&P 500 ETF (SPY)
Currenc Group Business Overview & Revenue Model
Currenc Group Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 46.44M | 53.26M | 4.90M | 6.55M | 2.05M |
| Gross Profit | 14.59M | 17.36M | 3.34M | 4.38M | 975.00K |
| EBITDA | -26.53M | -1.90M | -5.54M | 5.39M | -21.52M |
| Net Income | -39.48M | -15.31M | -6.40M | -15.79M | -23.77M |
Balance Sheet | |||||
| Total Assets | 108.47M | 141.49M | 6.85M | 40.57M | 46.36M |
| Cash, Cash Equivalents and Short-Term Investments | 63.82M | 50.22M | 6.95M | 16.00K | 1.73M |
| Total Debt | 22.49M | 31.94M | 10.06M | 13.91M | 16.33M |
| Total Liabilities | 150.23M | 180.63M | 13.91M | 24.46M | 25.08M |
| Stockholders Equity | -65.99M | -62.76M | -7.11M | 16.11M | 21.28M |
Cash Flow | |||||
| Free Cash Flow | 2.87M | -15.58M | -10.07M | -4.43M | -10.41M |
| Operating Cash Flow | 3.45M | -15.29M | -10.07M | -4.32M | -9.72M |
| Investing Cash Flow | -565.03K | 1.44M | 13.84M | -175.00K | -131.00K |
| Financing Cash Flow | 2.02M | -1.20M | -837.00K | 2.78M | 7.48M |
Currenc Group Technical Analysis
Currenc Group Risk Analysis
Currenc Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $229.44M | 5.65 | 10.73% | 4.56% | 15.88% | -1.83% | |
58 Neutral | $168.90M | 9.10 | 6.41% | ― | 16.13% | -28.76% | |
57 Neutral | $18.63M | 7.48 | 0.45% | ― | -12.05% | -87.87% | |
56 Neutral | $260.10M | -29.76 | -22.24% | ― | -5.87% | 94.07% | |
45 Neutral | $243.44M | -1.74 | -179.04% | ― | -83.48% | -2400.00% | |
43 Neutral | $125.08M | ― | -907.81% | ― | ― | -664.82% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
Currenc Group Corporate Events
Currenc Group Inc., a company based in Singapore, announced on September 5, 2025, that its board of directors has appointed Mr. Kevin Chen as an independent director to its audit committee. Mr. Chen, who brings over 20 years of experience in finance, currently serves as Chief Economist and Chief Investment Officer of Horizon Financial. His appointment enhances the audit committee’s expertise, aligning with the company’s commitment to strong corporate governance.
On August 15, 2025, Currenc Group Inc. announced the resignation of Dr. Ronnie Hui as CEO, with founder and executive chairman Alex Kong assuming the role. Dr. Hui’s departure was amicable, with no disagreements over company policies, and he will receive a severance package. Kong’s return to the CEO position is expected to ensure a seamless transition and accelerate Currenc’s growth initiatives, particularly in expanding its global AI ecosystem for financial institutions.
On August 6, 2025, Currenc Group Inc. entered into a Share Purchase Agreement with its founder and chairman, Alexander King Ong Kong, and its largest shareholder, Regal Planet Limited, to settle approximately $54.6 million in outstanding debt by issuing 35,653,995 ordinary shares. This transaction aims to strengthen the company’s capital structure and align the chairman’s interests with those of all shareholders. Concurrently, the company is involved in litigation in Singapore, where it faces a judgment ordering payment of nearly $24 million in a case involving its subsidiary, Seamless Group Inc., and other affiliates. The company is exploring options for appeal and assessing the impact of the judgment on its operations.
On August 4, 2025, Currenc Group Inc. announced its financial results for the second quarter ending June 30, 2025. The company reported a total processing value of $1.46 billion through Tranglo, marking a 6.9% year-over-year increase. Despite this growth, total revenues excluding TNG Asia and GEA decreased by 10.3% due to declines in global and Indonesian airtime revenues. Currenc plans to shift focus from airtime transfers to expanding AI product offerings, anticipating positive impacts on EBITDA. The company recorded a net loss of $5.0 million, influenced by increased operating expenses related to employee incentives and AI project development.
On July 31, 2025, Currenc Group Inc. announced its collaboration with Shareholder Intelligence Services, LLC to investigate potential naked short selling of its shares. This initiative is part of Currenc’s strategy to protect shareholder value as it expands globally. By leveraging ShareIntel’s proprietary processes, Currenc aims to monitor trading patterns, ensure transparent practices, and maintain share price integrity. The move underscores the company’s commitment to safeguarding investor interests amid its global expansion and AI-driven innovation.
Currenc Group Inc., a company incorporated in the Cayman Islands, has amended and restated its original promissory note with Greenberg Traurig, LLP. On July 18, 2025, the outstanding principal amount was reduced from $3,200,000 to $1,600,000, with a new maturity date set for November 28, 2025. This adjustment in the financial agreement may impact the company’s financial obligations and liquidity management, potentially affecting its operational flexibility and stakeholder relations.
On June 30, 2025, Currenc Group Inc. reached a settlement agreement with D. Boral Capital LLC to resolve a legal dispute over a promissory note. The agreement requires Currenc to pay $5.5 million in installments, concluding by November 30, 2025. This settlement resolves all claims between the parties and results in the withdrawal of D. Boral’s motion for summary judgment. The resolution of this dispute allows Currenc to focus on its operations without the overhang of litigation, potentially stabilizing its financial standing and reassuring stakeholders.