- Business
- InFinT Acquisition Corporation (IFIN-UN) is a blank check company, or special purpose acquisition company (SPAC), sponsored by affiliates of ARC Group and focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily in the financial services and technology sectors; it targets opportunities in North America, Asia, Latin America, Europe, and Israel. The Cayman Islands-incorporated company, founded in 2021 and headquartered in Singapore, completed its initial public offering in 2022, raising approximately $173.9 million, and listed its units on the NYSE. In August 2024, InFinT completed a $400 million business combination with Seamless Group Inc., a global fintech platform offering multi-currency digital wallets, payment processing, and financial services including remittances, e-wallets, cross-border payments, and lending solutions to consumers, merchants, and financial institutions across Asia, Europe, Latin America, and other regions; the merged entity operates as CURRENC Group Inc., trading on Nasdaq under the ticker CURR following voluntary delisting from NYSE American, with Seamless's subsidiaries such as Dynamic Investment Holdings Limited and Bagus Fintech Pte. Ltd. integrated into the structure. In 2025, CURRENC announced a proposed reverse merger with Animoca Brands Corporation Limited to create a combined entity focused on blockchain gaming and Web3 fintech integration.