Currenc reinstates Tranglo sale agreement with New Margin
CURR•Currenc Group subsidiary Seamless reinstated its $400 million agreement with New Margin on October 29, 2026, with closing extended to March 31, 2027. The parties agreed in principle to expand the proposed transaction to 100% of Tranglo for $666.67 million, subject to Ripple Markets APAC’s agreement and definitive documentation.
1. Proposed sale expands
Seamless and New Margin agreed in principle to expand their proposed Tranglo transaction to 100% for $666.67 million. The original $400 million agreement was reinstated October 29, 2026, and its closing deadline extended to March 31, 2027.
2. Proceeds and conditions
Seamless’s gross proceeds would rise from approximately $240 million to $400 million before settlement and payment deductions. The expansion requires Ripple Markets APAC’s agreement and definitive documentation, with a tripartite agreement targeted by December 31, 2026; net proceeds would fund debt repayment, working capital and AI and Web3 initiatives.
