Mergers & AcquisitionsMedium•30 October 2026•
1 min read
Currenc Group Reaches $666.7 Million Agreement in Principle to Acquire 100% of Tranglo
Key Facts
1Currenc Group agreed in principle to acquire 100% of Tranglo for US$666.7 million.
2The longstop date for the transaction has been extended to March 31, 2027.
3The acquisition is subject to definitive documentation and agreement with Ripple Markets APAC parties.
Currenc Group agreed in principle to acquire 100% of Tranglo for US$666.7 million. GlobeNewswire reported that the longstop date for the transaction has been extended to March 31, 2027, as the acquisition remains subject to definitive documentation and agreement with Ripple Markets APAC parties.
The stock of CURR closed at $2.24 on October 29, 2026, having traded between a low of $2.17 and a high of $2.32 during that session. The group aims to consolidate its ownership of Tranglo through this agreement, though the final execution depends on reaching binding terms with all involved stakeholders.