Currenc Group enters $1.5 million secured convertible bridge loan with Apex Innovation Global
CURR•Currenc Group entered into a secured convertible bridge loan for up to $1.5 million with Apex Innovation Global, dated Sept. 20, 2026. The loan carries 1% annual interest and matures 18 months after drawdown or upon RTO completion, whichever comes first.
1. Loan terms
The loan provides for a single advance due 20 business days after conditions are met. The lender may refuse funding if defaults occur or collateral coverage requirements are not met. Interest is 1% per year, compounded quarterly.
2. Conversion and security
The lender can convert the loan at the lower of $2.85 or 85% of a qualifying fundraising price, subject to a $3.19 floor. The loan is secured by a first-ranking mortgage over 1,000,000 shares, requires 166.67% collateral coverage and is backed by a guarantee from Alexander King Ong Kong.
