Currenc is a Singapore-based digital financial services company focused on cross-border payments and airtime trading, primarily in Southeast Asia. Currenc operates through two subsidiaries: Tranglo, a B2B wholesale payments and airtime hub, and WalletKu, a retail airtime platform in Indonesia. Tranglo is the dominant business, connecting banks, e-wallets, and money service operators to a payout network spanning 150+ countries, with blue-chip customers including Wise, Remitly, Mastercard, and WeChat Pay. Tranglo earns revenue through FX spreads and per-transaction fees on remittances, and acts as a wholesale reseller of mobile airtime to corporate customers. Tranglo's key selling point is speed — it uses a prefunding model where sending partners deposit funds in advance, enabling near-instant payouts at roughly 1% per transaction, well below the 3–7% typical of traditional banks. WalletKu sells prepaid mobile airtime and utility payments to end users and small merchants in Indonesia, and serves as an authorized distributor for Indosat, earning gross margin on airtime sales plus performance-based bonuses from Indosat. Currenc has announced a pending transaction to sell its 60% stake in Tranglo and merge with Animoca Brands, a Web3 investment company, which would effectively exit Currenc's current operating businesses entirely and leave existing Currenc shareholders with roughly 5% of the combined entity.