Seamless Group valued at $400M in SPAC merger with INFINT Acquisition Corp

Currenc Group Inc.

Enterprise value at closing of $400 million; combined company to have up to $189M cash assuming no redemptions.
Seamless CEO Dr. Ronnie Hui will continue as CEO; INFINT CEO Sasha Edgarov and Chairman Eric Weinstein to join board.
Tranglo platform processed $3.3B in remittances in 2021, with revenue of $48.7M and EBITDA of $6.5M.
Transaction expected to close by end of Q1 2023, subject to INFINT shareholder approval and customary conditions.

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