We are pleased to announce the successful listing of CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC”), a fintech and digital remittance pioneer, on the Nasdaq Stock Exchange. The listing follows the completion of a business combination with INFINT Acquisition Corporation (formerly NYSE: IFIN), a transaction facilitated by ARC Group Limited, acting as sole financial and M&A advisor to INFINT.
Transaction Overview
CURRENC began trading on Nasdaq on September 3, 2024, marking a significant milestone for the company as it continues to revolutionize financial access for underserved populations, including the unbanked and underbanked, primarily in Southeast Asia. The business combination with INFINT Acquisition Corporation enables CURRENC to further scale its platform, driving global financial inclusion and expanding its reach into emerging markets.
Since its inception in 2013, CURRENC has been a leader in digital remittance, helping millions of migrant workers and unbanked individuals across 150 countries access seamless, real-time cross-border money transfers and other cost-effective financial services. The Company processed approximately 11 million transactions in 2023, with a total value of US$4.54 billion, representing a 28% increase over the previous year.
About CURRENC Group Inc.
CURRENC Group Inc. is a fintech leader focused on providing cutting-edge digital remittance services to underserved communities across Southeast Asia and other emerging markets. Through its platform, CURRENC facilitates e-wallets, remittance companies, and corporations in offering real-time, 24/7 cross-border payment services. The company’s mission is to advance financial inclusion for millions of migrant workers and unbanked individuals by providing easy access to essential financial tools.
About INFINT Acquisition Corporation
INFINT Acquisition Corporation is a special purpose acquisition company (SPAC) focused on identifying and merging with high growth fintech companies worldwide. INFINT’s mission is to bring innovative fintech companies from diverse regions to the U.S. public markets, capitalizing on the rapid evolution of global digital infrastructure.
As the proud financial advisor to INFINT Acquisition Corporation in this transaction, ARC Group is honored to have played a pivotal role in facilitating this successful merger.
Ian Hanna, Managing Director at ARC Group, commented:
“We are proud to have played an integral role in facilitating CURRENC’s successful Nasdaq listing, a significant milestone for the company and a pivotal moment in advancing financial inclusion on a global scale. CURRENC’s innovative solutions for underserved markets position them as a key driver of growth in the fintech space, and this public listing will enable further expansion and operational scale. We congratulate the leadership team on their continued success and are confident that this achievement will unlock new opportunities for growth and value creation in the years to come.”
About ARC Group
ARC Group is a global financial services and advisory firm specializing in bridging markets between Asia, the U.S., and Europe. Established in 2015, ARC Group is a leader in SPAC and IPO advisory services and offers a comprehensive range of financial services, including M&A, venture capital, and strategic consulting. With offices in 12 countries across three continents, ARC Group is committed to facilitating international business growth and delivering exceptional value to our clients.
Watch the video from Nasdaq celebration here
For more information or any questions, please contact:
Ian Hanna
Managing Director
ian.hanna@arc-group.com
For media inquiries, please contact:
Anna Sahlberg Carlsson
Marketing Manager
anna.sahlberg@arc-group.com
