Currenc Group Inc
For the period ended Sep 30, 2024. Filed Nov 19, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 19, 2024
CURR$1.89+1.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| US$ | US$ | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 49,060,421 | 48,516,765 |
| Short-term investments | - | 300,000 |
| Restricted cash | 42,421 | 5,428,790 |
| Accounts receivable, net | 2,640,862 | 2,450,871 |
| Prepayments to remittance agents | - | 137,854 |
| Escrow money receivable | - | 5,014,829 |
| Amounts due from related parties | 3,831,195 | 7,287,376 |
| Prepayments, receivables and other assets | 26,957,511 | 34,225,239 |
| Total current assets | 82,532,410 | 103,361,724 |
| Non-current assets: | ||
| Investment in an equity security | - | 100,000 |
| Equipment and software, net | 955,975 | 1,016,490 |
| Right-of-use asset | 29,725 | 154,234 |
| Intangible assets | 3,771,256 | 9,191,713 |
| Goodwill | 26,999,726 | 27,001,383 |
| Deferred tax assets | 675,420 | 664,888 |
| Total non-current assets: | 32,432,102 | 38,128,708 |
| Total assets | 114,964,512 | 141,490,432 |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Borrowings | 20,137,666 | 17,804,093 |
| Receivable factoring | 624,227 | 423,483 |
| Escrow money payable | - | 360,207 |
| Client money payable | - | 4,645,290 |
| Accounts payable, accruals and other payables | 35,657,510 | 53,988,231 |
| Amounts due to related parties | 78,469,376 | 86,488,519 |
| Convertible bonds and notes | 1,750,000 | 10,000,000 |
| Lease liabilities | 25,272 | 152,325 |
| Total current liabilities | 136,664,051 | 173,862,148 |
| Non-current liabilities: | ||
| Borrowings | - | 2,506,974 |
| Deferred tax liabilities | 969,460 | 1,246,760 |
| Employee benefit obligation | 59,849 | 59,849 |
| Lease liabilities | 6,098 | - |
| Total non-current liabilities: | 1,035,407 | 3,813,583 |
| Total liabilities | 137,699,458 | 177,675,731 |
| Commitments and contingencies (Note 12) | - | |
| Mezzanine equity | - | 2,957,948 |
| Shareholders’ deficit: | ||
| Ordinary shares (US$0.0001 par value; 550,000,000 shares authorized; 46,527,999 and 33,980,753 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) (1) | 4,653 | 3,398 |
| Additional paid-in capital (1) | 57,056,967 | 29,227,005 |
| Accumulated deficit | (103,857,748) | (92,075,379) |
| Accumulated other Comprehensive (Loss) Income | (158,585) | 88,366 |
| Total shareholders’ deficit attributable to Currenc Group Inc. | (46,954,713) | (62,756,610) |
| Non-controlling interests | 24,219,767 | 23,613,363 |
| Total deficit | (22,734,946) | (39,143,247) |
| Total liabilities, mezzanine equity and shareholders’ deficit | 114,964,512 | 141,490,432 |
| (1) | Retrospectively restated to reflect Reverse Recapitalization – see Note 2. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.