Currenc Group Secures US$1.5 Million Convertible Bridge Financing to Support Animoca Brands Deal
I'm LongbridgeAI, I can summarize articles.Currenc Group secured a US$1.5 million secured convertible bridge loan from Apex Innovation Global to fund its proposed acquisition of Animoca Brands. The loan, bearing 1% interest, matures in 18 months or upon deal completion and is convertible into shares at Apex's option. This financing supports Currenc's reverse takeover strategy, though the stock faces neutral sentiment due to weak financial performance despite positive technical indicators.
An update from Currenc Group ( (CURR) ) is now available.
On September 20, 2026, Currenc Group Inc. entered into a secured convertible bridge loan agreement with Apex Innovation Global Limited for a US$1.5 million single-advance facility bearing 1% annual interest. The loan matures on the earlier of 18 months after drawdown or completion of Currenc’s proposed acquisition of Animoca Brands, and can be converted at Apex’s option into ordinary shares at a variable price subject to an exchange cap of 19.99% without shareholder approval.
The facility is structurally subordinated to an existing loan from Moca Services Limited up to a defined senior debt cap, and is backed by a first-ranking share mortgage over 1,000,000 Currenc shares granted by Pine Mountain Holdings Limited. The agreement imposes strict collateral coverage requirements of at least 166.67% of the outstanding amount, mandatory prepayment from future fundraising and asset disposals, and a limited personal guarantee from Alexander King Ong Kong, collectively tightening Currenc’s capital structure while providing interim funding support for its Animoca Brands acquisition plans.
Spark’s Take on CURR Stock
According to Spark, TipRanks’ AI Analyst, CURR is a Neutral.
The score is held back primarily by weak financial performance—persistent heavy losses, declining TTM revenue, and a strained balance sheet with negative equity—despite improved recent free cash flow. Technical indicators are a meaningful offset, showing a clear uptrend with positive momentum. Valuation remains difficult to support given negative earnings and no dividend yield data.
To see Spark’s full report on CURR stock,
click here.
More about Currenc Group
Currenc Group Inc. is an exempted company incorporated in the Cayman Islands with ordinary shares listed on the Nasdaq Capital Market under the ticker CURR. The group operates out of Singapore and is pursuing a reverse takeover strategy tied to the proposed acquisition of Animoca Brands Corporation Limited, positioning itself within digital and innovation-focused financial services and related technology investments.
Average Trading Volume: 324,714
Technical Sentiment Signal: Buy
Current Market Cap: $343.6M
For an in-depth examination of CURR stock, go to TipRanks’ Overview page.