Currenc Group Q3 net loss widens to $5M; revenue down 11% YoY, divestitures reshape business

Currenc Group Inc.

Total revenues $11.3M (-11.0% YoY); net loss $5.0M (+31.6% YoY) for Q3 2024.
Adjusted EBITDA loss narrowed to $0.2M from $1.2M YoY (83.3% improvement).
TPV grew 6.1% YoY to $1.21B in Q3 2024.
Divested TNG Asia and GEA in Q3; future revenue from Tranglo and WalletKu only.
Remittance revenues fell 22.2% YoY to $4.9M, dragged by divestitures; Tranglo remittance stable at $4.5M (-1% YoY).

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