Currenc Group shares rise 16.76% premarket after selling 60% stake in Tranglo for $400 million to fund AI and debt reduction.

CURRENC Group Inc. surged 16.76% in premarket trading after announcing the sale of its 60% controlling stake in cross-border payment hub Tranglo to New Margin Holding for $400 million in cash. The transaction, structured as two $200 million installments, marks the first step in Currenc’s strategic restructuring to monetize operating assets, reduce debt, and fund AI, Web3, and digital assets initiatives. The divestment underscores Tranglo’s intrinsic value and aligns with the company’s multi-phase plan to streamline operations and unlock shareholder value. With proceeds to strengthen financial flexibility and advance its corporate roadmap, the deal reflects disciplined execution of Currenc’s transformation strategy, reinforcing investor confidence in its strategic direction.