Seamless Group Merges to Form CURRENC
In a significant development, Seamless Group Inc. has successfully completed its merger with INFINT Acquisition Corporation. This important step has transformed the company into a publicly traded entity, now known as CURRENC Group Inc. The ordinary shares will be listed on The Nasdaq Stock Market LLC, under the new ticker symbol CURR.
Continuity in Leadership at CURRENC
CURRENC's leadership team remains unchanged, featuring Ronnie Ka Wah Hui as the Chief Executive Officer, Alexander King Ong Kong as the founder and Executive Chairman, and Hagay Ravid as Chief Financial Officer. This stability in leadership is expected to enhance the company’s strategic goals as it navigates the public market.
Looking Ahead
After the merger was finalized, CEO Ronnie Ka Wah Hui expressed his pride in reaching this pivotal milestone. He highlighted that the Nasdaq listing will propel CURRENC's efforts to strengthen its brand, explore new markets, and establish itself as a leading global remittance hub. He also acknowledged the support from the INFINT team throughout the merger process, emphasizing the importance of collaboration for future success.
INFINT's Contribution to the Merger
Alexander Edgarov, CEO of INFINT Acquisition Corporation, expressed his excitement about the successful merger with Seamless. He is optimistic about the experienced team at CURRENC achieving their long-term operational and strategic objectives, ultimately creating greater value for shareholders and stakeholders as they continue to develop their global fintech banking platform.
About CURRENC Group
CURRENC Group Inc., previously known as Seamless Group, is dedicated to developing innovative financial solutions. The company operates a comprehensive fintech banking platform that facilitates e-wallet transactions and affordable fund transfers worldwide. Their advanced digital ecosystem serves millions of users across more than 150 countries, with the goal of empowering both consumers and businesses.
About INFINT Acquisition Corporation
As a Special Purpose Acquisition Corporation (SPAC), INFINT Acquisition Corporation focuses on bringing promising financial technology companies to the U.S. market. With a sharp focus on the rapid changes in various sectors driven by global events, INFINT is committed to merging with outstanding fintech companies, believing there are significant opportunities within this space.
Legal Advisors Involved in the Process
Legal expertise was crucial in facilitating this transaction. Greenberg Traurig, LLP provided U.S. legal counsel for INFINT, while Mourant acted as legal counsel for the Cayman Islands. Meanwhile, Seamless Group was represented by Nelson Mullins Riley & Scarborough LLP for U.S. legal matters and by Maples Group in the Cayman Islands.
Frequently Asked Questions
What is the new name of Seamless Group after going public?
Seamless Group will now operate under the name CURRENC Group Inc.
What ticker symbol will CURRENC trade under on Nasdaq?
CURRENC will trade under the ticker symbol CURR on The Nasdaq Stock Market LLC.
Who are the key leaders of CURRENC?
The leadership includes Ronnie Ka Wah Hui (CEO), Alexander King Ong Kong (Executive Chairman), and Hagay Ravid (CFO).
What is the mission of CURRENC Group?
CURRENC aims to be a leading global remittance hub by enhancing its brand and expanding its market reach through innovative financial solutions.
What role did INFINT play in the merger?
INFINT Acquisition Corporation facilitated the merger, aiding Seamless in becoming publicly traded and helping to support strategic goals.
