fintech

Currenc to Sell 60% Stake in Payments Hub Tranglo for $400m Cash

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TL;DR:

Currenc Group Inc said it has agreed to sell its 60% stake in Malaysian cross-border payments hub Tranglo Sdn Bhd to New Margin Holding Limited for $400 million in cash, marking the first completed step in the Nasdaq-listed fintech firm’s broader restructuring and value-unlocking plan....

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  • Currenc to Sell 60% Stake in Payments Hub Tranglo for $400m Cash
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    Currenc to Sell 60% Stake in Payments Hub Tranglo for $40... | NewsCR