Loading...
CURRENC posted a Q4 net loss of $38.8M and EPS of -$0.70. Despite the loss, revenue reached $11.06M, surpassing expectations. Strategic investments in AI were the key focus this quarter.
CURRENC Group Inc. announced its Q3 2024 financial results, highlighting the company's strategic achievements and operational excellence. The company divested TNG Asia and GEA, focusing on Tranglo as the primary growth driver. Tranglo's TPV increased, reflecting client trust and confidence. While transaction fees decreased, improvements in forex and payout agency rates offset this. Non-recurring expenses related to the merger with INFINT SPAC impacted general and administrative expenses.