CURRENC Rings Nasdaq Closing Bell in Honor of Listing
CURRENC Group Inc. (Nasdaq: CURR), a fintech and digital remittance company, celebrated its recent Nasdaq listing with a Closing Bell Ceremony at Nasdaq MarketSite in Times Square. The company, which began trading on Nasdaq on September 3, 2024, completed a business combination with INFINT Acquisition
CURRENC, founded in 2013, focuses on serving unbanked and underbanked individuals in Southeast Asia and beyond. In 2023, the company processed approximately 11 million transactions totaling US$4.54 billion, a 28% increase from 2022. CURRENC's network includes over one million unique users, more than 5,000 bank partners, and coverage across 150 countries.
The public listing is expected to support CURRENC's international growth strategy and help scale its platform to drive progress in the global financial landscape.
CURRENC Group Inc. (Nasdaq: CURR), una società fintech e di rimessa digitale, ha celebrato il suo recente quotazione al Nasdaq con una cerimonia per la Campana di Chiusura presso il Nasdaq MarketSite a Times Square. L'azienda, che ha iniziato a essere quotata al Nasdaq il 3 settembre 2024, ha completato una combinazione aziendale con INFINT Acquisition.
CURRENC, fondata nel 2013, si concentra nel servire individui non bancarizzati e sotto-bancarizzati nel sud-est asiatico e oltre. Nel 2023, l'azienda ha elaborato circa 11 milioni di transazioni per un totale di 4,54 miliardi di dollari USA, con un aumento del 28% rispetto al 2022. La rete di CURRENC comprende oltre un milione di utenti unici, più di 5.000 partner bancari e una copertura in 150 paesi.
La quotazione pubblica è prevista per supportare la strategia di crescita internazionale di CURRENC e aiutare a scalare la sua piattaforma per promuovere progressi nel panorama finanziario globale.
CURRENC Group Inc. (Nasdaq: CURR), una empresa de fintech y remesas digitales, celebró su reciente cotización en Nasdaq con una ceremonia de Campana de Cierre en Nasdaq MarketSite en Times Square. La compañía, que comenzó a cotizar en Nasdaq el 3 de septiembre de 2024, completó una combinación empresarial con INFINT Acquisition.
CURRENC, fundada en 2013, se enfoca en atender a individuos no bancarizados y sub-bancarizados en el sudeste asiático y más allá. En 2023, la empresa procesó aproximadamente 11 millones de transacciones por un total de 4,54 mil millones de dólares estadounidenses, un aumento del 28% en comparación con 2022. La red de CURRENC incluye más de un millón de usuarios únicos, más de 5,000 socios bancarios y cobertura en 150 países.
Se espera que la cotización pública apoye la estrategia de crecimiento internacional de CURRENC y ayude a escalar su plataforma para impulsar el progreso en el panorama financiero global.
CURRENC Group Inc. (Nasdaq: CURR) 는 핀테크 및 디지털 송금 회사로, 타임스 스퀘어의 Nasdaq MarketSite에서 열린 종가 세리모니와 함께 최근 Nasdaq 상장을 축하했습니다. 이 회사는 2024년 9월 3일에 Nasdaq에서 거래를 시작했으며, INFINT Acquisition과의 비즈니스 결합을 완료했습니다.
2013년에 설립된 CURRENC는 동남아시아 및 기타 지역에서 은행 서비스를 이용할 수 없는 개인과 은행 서비스를 충분히 받지 못하는 개인을 위해 서비스를 제공합니다. 2023년 동안 이 회사는 약 1100만 건의 거래를 처리하여 총 45억 4000만 달러를 기록했으며, 이는 2022년 대비 28% 증가한 수치입니다. CURRENC의 네트워크에는 백만 명 이상의 고유 사용자, 5,000 명 이상의 은행 파트너, 그리고 150개국에 걸친 서비스 범위가 포함됩니다.
이 공개 상장은 CURRENC의 국제 성장 전략을 지원하고 플랫폼 스케일링을 도와 글로벌 금융 환경에서의 발전을 이끌 것으로 예상됩니다.
CURRENC Group Inc. (Nasdaq: CURR), une entreprise fintech et de remises numériques, a célébré sa récente cotation sur le Nasdaq par une cérémonie de Cloche de Clôture au Nasdaq MarketSite à Times Square. La société, qui a commencé à se négocier sur le Nasdaq le 3 septembre 2024, a complété une combinaison d'affaires avec INFINT Acquisition.
CURRENC, fondée en 2013, se concentre sur le service des personnes non bancarisées et sous-bancarisées en Asie du Sud-Est et au-delà. En 2023, l'entreprise a traité environ 11 millions de transactions totalisant 4,54 milliards de dollars américains, soit une augmentation de 28 % par rapport à 2022. Le réseau de CURRENC comprend plus de un million d'utilisateurs uniques, plus de 5 000 partenaires bancaires et une couverture dans 150 pays.
La cotation publique devrait soutenir la stratégie de croissance internationale de CURRENC et aider à développer sa plateforme pour favoriser les progrès dans le paysage financier mondial.
CURRENC Group Inc. (Nasdaq: CURR), ein Fintech- und Digitalremittance-Unternehmen, feierte seine kürzliche Nasdaq-Notierung mit einer Schlussglockenzeremonie am Nasdaq MarketSite am Times Square. Das Unternehmen, das am 3. September 2024 an der Nasdaq gehandelt wurde, hat eine Unternehmenskombination mit INFINT Acquisition abgeschlossen.
CURRENC, gegründet im Jahr 2013, konzentriert sich darauf, unbanked und underbanked Personen in Südostasien und darüber hinaus zu bedienen. Im Jahr 2023 verarbeitete das Unternehmen etwa 11 Millionen Transaktionen im Gesamtwert von 4,54 Milliarden US-Dollar, ein Anstieg um 28 % im Vergleich zu 2022. Das Netzwerk von CURRENC umfasst über eine Million einzigartige Nutzer, mehr als 5.000 Bankpartner und eine Abdeckung in 150 Ländern.
Die öffentliche Notierung soll die internationale Wachstumsstrategie von CURRENC unterstützen und dazu beitragen, die Plattform zu skalieren, um Fortschritte im globalen Finanzwesen voranzutreiben.
- Successful listing on Nasdaq, potentially increasing visibility and access to capital
- 28% year-over-year increase in transaction value processed in 2023, reaching US$4.54 billion
- Expanding global footprint with over 1 million unique users and 5,000+ bank partners
- Coverage across 150 countries, indicating strong market presence
- None.
NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) -- CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech and digital remittance pioneer serving millions of unbanked and underbanked individuals in Southeast Asia and beyond, today announced that the Company’s management celebrated its recent listing with a Closing Bell Ceremony at Nasdaq MarketSite in Times Square this afternoon. CURRENC began trading on the Nasdaq on September 3, 2024, after completing its business combination with INFINT Acquisition Corporation (formerly NYSE: IFIN), which was facilitated by ARC Group Limited.
“Over the past decade, our digital remittance business has experienced rapid growth in both network coverage and total processing value, a testament to our team’s dedication and our customers’ trust,” said Alex Kong, Founder and Executive Chairman of CURRENC. “I am incredibly proud of our nearly 300 employees, whose relentless efforts have propelled us to this significant milestone. Our shareholders’ steadfast commitment has also been key to our sustained high growth, especially through the challenges of COVID-19. Looking ahead, we are excited to continue expanding our impact, bringing innovative financial solutions to underserved communities worldwide.”
“We are thrilled to commemorate CURRENC’s Nasdaq listing with today’s bell ringing,” said Ronnie Hui, Chief Executive Officer of CURRENC. “Going public marks a major step forward in our mission to transform financial access for the unbanked and underbanked with seamless, real-time, 24/7 cross-border money transfers and other cost-effective financial solutions. I want to extend our gratitude to our team, investors, and partners for their unwavering support as we enter this next phase of growth. We will remain dedicated to revolutionizing cross-border digital remittances while broadening our reach throughout Southeast Asia and beyond.”
Since its founding in 2013, CURRENC (formerly Seamless Group, Inc.) has been at the forefront of digital remittance, advancing financial inclusion for millions of migrant workers and underbanked individuals in emerging markets. In 2023, the Company processed approximately 11 million transactions totaling US
A replay of the Closing Bell Ceremony can be found at https://www.nasdaq.com/events/currenc-group-rings-closing-bell.
About CURRENC Group Inc.
CURRENC Group Inc. (Nasdaq: CURR) is a fintech and digital remittance pioneer in Southeast Asia and beyond, serving millions of migrant workers and unbanked individuals. Our platform enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.
Forward-Looking Statements
The information in this press release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 with respect to the Business Combination and CURRENC following the Business Combination. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “aim,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that investors of Seamless may not receive the same benefits as an investor in an underwritten public offering, (ii) the risk that CURRENC’s securities may experience a material price decline after the Business Combination, (iii) the risk of product liability or regulatory lawsuits or proceedings relating to Seamless’ or CURRENC’s business, (iv) the ability of CURRENC to comply with the continued listing standards of Nasdaq, (v) the ability to attract new partners, merchants and users and retain existing partners, merchants and users in order to continue to expand, (vi) the ability of CURRENC to fund its capital requirements through additional debt and equity financing under commercially reasonable terms and the risk of shareholding dilution as a result of additional capital raising, if applicable, (vii) the risk of cyber security or foreign exchange losses, (viii) the risk that CURRENC is unable to secure or protect its intellectual property, (ix) failure to maintain an effective system of internal control over financial reporting and to accurately and timely report CURRENC’s financial condition, results of operations or cash flows, and (x) those factors discussed in CURRENC’s filings with the SEC and that are contained in the proxy statement relating to the Business Combination. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the proxy statement and other documents to be filed by CURRENC from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and while CURRENC may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. CURRENC does not give any assurances it will achieve its expectations.
Advisors
ARC Group Limited acted as sole financial and M&A advisor to INFINT. Nelson Mullins Riley & Scarborough LLP acted as legal counsel to Seamless. Greenberg Traurig, LLP acted as legal counsel to INFINT.
Investor & Media Contact:
CURRENC Group Investor Relations
Email: investors@currencgroup.com
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Jenny Cai
Tel: +86 (10) 6508-0677
Email: CURRENC@thepiacentegroup.com
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