Currenc Group, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $417.7M
- Price
- $3.85
- % Change (Daily % change from the live per-ticker quote feed.)
- -6.67%
- Volume
- 371.0K
About
Currenc Group, Inc. specializes in operating a financial technology banking platform. Its business activities are categorized into remittance services, the sale of airtime, and additional diverse services. The firm's corporate headquarters are situated in Singapore.
Quick stats
Shares outstanding112.3M
Computed float47.7M
Float / shares42.5%
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001862935
AI Summary
AI-generated1/8
standardmixedrestructuring
Currenc Group Executes Strategic Restructuring of Indonesian WalletKu Subsidiary to Refocus on High-Growth AI & Web3 Roadmap
Currenc Group is pausing the active transactional operations of its Indonesian subsidiary, WalletKu, citing sustained structural headwinds in the airtime remittance market and a lack of working capital.
The subsidiary, which reported a 46.9% year-over-year revenue decline to US$7.7 million and a net loss of US$0.45 million, has ceased its status as an Authorized Indosat Distributor. The company has authorized up to US$150,000 to settle employee severance and third-party debts through September 2026.
This operational restructuring is intended to eliminate profitability drag and redirect capital toward Currenc’s core high-margin AI and Web3 verticals.
Red flags
- WalletKu ceased status as an Authorized Indosat Distributor
- Subsidiary experienced lack of working capital
- WalletKu revenue declined 46.9% year-over-year