Currenc Group Inc. (NASDAQ: CURR)

Currenc Group Inc. is an investment holding company headquartered in Singapore. The company provides cross border remittance and airtime services through its subsidiaries. It focuses on serving customers in Southeast Asia and globally.

Currenc Group Inc. generates revenue primarily from transaction fees and foreign exchange spreads on remittance transfers. It also earns commissions from airtime top up sales and fees from value added services such as utility bill payments and digital wallet top ups.

The company operates through the following segments: Tranglo and WalletKu.

• Tranglo provides cross border remittance services for banks money service operators and e wallets and offers wholesale and retail airtime transfer services through a unified API platform and a network of over five thousand bank partners and five hundred mobile operators across one hundred fifty countries.

• WalletKu operates a retail airtime and digital services platform in Indonesia that enables users to purchase airtime top up pay utility bills conduct money transfers and access e money services through a network of approximately one hundred twenty eight thousand registered partners.

Currenc Group Inc. holds a leading position in the Southeast Asian remittance and airtime markets. It competes with global players such as Western Union MoneyGram Thunes NIUM and EMQ. The company’s advantages include in house processing capabilities a broad licensing footprint across several jurisdictions and strategic partnerships with Ripple that provide on demand liquidity reducing pre funding needs.

The company serves financial institutions payment gateways e commerce firms travel agencies and freelancers through Tranglo and serves retail consumers in Indonesia through WalletKu. Specific partners include WISE SingTel Remitly SBI Japan Mastercard CelcomDigi WeChat Pay HK Maxis Etisalat and Ding. WalletKu works closely with Indosat Ooredoo Hutchison and maintains relationships with approximately one hundred twenty eight thousand active users.