Currenc Group Secures Up to $33 Million in Convertible Note Financing

SINGAPORE, Oct. 09, 2025 — Currenc Group Inc. (Nasdaq: CURR), a leading fintech company providing AI solutions to financial institutions, announced an agreement today to issue and sell up to $33.0 million in unsecured convertible promissory notes due on October 8, 2027. After deducting costs, the company anticipates net proceeds of $30.0 million if the financing is fully realized. An initial tranche of $4.4 million has already been completed, yielding net proceeds of $4.0 million, with the remaining funds to be drawn in installments based on conditions specified in the transaction documents. This financing is expected to strengthen the company’s financial position and support its growth strategy.

The notes were issued through a private offering and will mature on October 8, 2027, unless converted, redeemed, or repurchased earlier. These notes are unsecured and unsubordinated, featuring 50% warrant coverage with an exercise price of $1.85 per share. Holders have the option to convert the notes under certain conditions at an initial conversion price of $1.85 per share. The notes carry an annual interest rate of 5.00%. The company retains the option to prepay the notes, entirely or partially, subject to a 10% prepayment premium. The maturity date may be extended once by up to six months at the company’s discretion, according to the terms of the notes.

The company intends to use the funds for general corporate purposes, including working capital, growth initiatives, and potentially to repay existing debt.

The notes are convertible at the holder’s option under specific circumstances at an initial conversion price of $1.85 per share. Upon conversion, the company will issue its ordinary shares; cash may be used at the company’s option solely to comply with applicable law, stock exchange rules, or authorized share limits.

Upon a change of control, with limited exceptions, the holder can demand a cash prepayment at 110% of the outstanding principal or choose to convert immediately before the closing.

Alex Kong, Founder, CEO, and Executive Chairman of Currenc, stated that this financing demonstrates strong investor confidence in Currenc and its future vision. He added that the increased financial flexibility will enable the company to accelerate innovation, broaden its AI product offerings, and generate lasting value for its shareholders.

In connection with the financing, the company has committed to file a registration statement with the SEC within 60 days after each closing to cover the resale of ordinary shares issued upon conversion of the notes and exercise of the warrants.

Ladenburg Thalmann & Co. Inc. acted as the exclusive financial advisor to Currenc Group in this financing deal.

The offer and sale of these notes and any ordinary shares issuable upon conversion of the notes have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws. Consequently, they may not be offered or sold in the United States without registration or a valid exemption from the Securities Act and other applicable securities laws.

This announcement is neither an offer to sell nor a solicitation of an offer to buy securities. Furthermore, there shall be no sale of these securities in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction.

About Currenc Group Inc.
Currenc Group Inc. (Nasdaq: CURR) is a pioneering fintech company focused on revolutionizing global financial services through artificial intelligence (AI). The company provides financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents. These solutions are designed to lower costs, improve efficiency, and enhance customer satisfaction for banks, insurance companies, telecommunications companies, government agencies, and other financial institutions. The company’s digital remittance platform also facilitates real-time, 24/7 global payment services for e-wallets, remittance companies, and corporations, expanding financial access in underserved communities.

Safe Harbor Statement
This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements, which are not historical facts, include those concerning the company’s beliefs and expectations and are subject to risks and uncertainties. A number of factors could cause actual results to differ materially from those in the forward-looking statements. Future closings under the financing are subject to conditions and may not occur. Forward-looking statements can often be identified by terms such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” or similar expressions. Further details on these and other risks and uncertainties can be found in the company’s filings with the SEC. The information in this release is current as of its date, and the company undertakes no obligation to update it, except as legally required.

Investor & Media Contact
Currenc Group Investor Relations
Email: investors@currencgroup.com

SOURCE: Currenc Group Inc.

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