Venture aims to boost AI data centers, green energy, and computing capabilities through initial investment.

SINGAPORE, March 18, 2025 — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a leading fintech company that provides AI solutions to financial institutions globally, has announced plans to launch an AI investment fund in partnership with ARC Group, a prominent global investment bank (“CURR-ARC AI Fund 1” or the “Fund”). As the first step in CURRENC’s AI investment strategy, CURR-ARC AI Fund 1 intends to raise up to $100 million to invest in AI data centers (AIDCs), green energy, and computing power development, with the goal of promoting AI innovation and digital transformation worldwide.

CURR-ARC GP Limited, a joint venture 80% owned by CURRENC and 20% by ARC Group, will act as the Fund’s general partner.

The Fund’s investment strategy will prioritize the following:
1. Around 80% of the Fund will be allocated to global investments in AI computing power and green energy infrastructure projects, including the first phase of CURRENC’s proposed 500MW hyperscale AIDC in Malaysia.
2. About 20% of the Fund will be used to target emerging companies in the AI ecosystem, fintech, and AI-driven solutions sectors.

The Fund will be guided by a team of experienced technology and finance professionals, along with seasoned asset managers and AIDC operators, who will work together to implement the Fund’s investment strategy.

“The CURR-ARC AI Fund 1 is a game-changing initiative in our plan to develop a strong, sustainable ecosystem that includes AIDCs, green energy, fintech, and AI-driven solutions,” stated Alex Kong, Founder and Executive Chairman of CURRENC. “It will enable us to support both established leaders and emerging innovators across various industries, driving advancements in AI and sustainable technology. We are confident that this investment will allow us to fully utilize AI’s potential and accelerate digital transformation on a global scale, creating significant value for our stakeholders and society as a whole.”

Abraham Cinta, CEO of ARC Group, commented, “We are delighted to partner with CURRENC Group to further our shared vision for the future of global industries. With our combined expertise in technology and finance, we are well-equipped to shape the next wave of AI innovations, green energy infrastructure, and scalable computing solutions that will foster sustainable global development.”

About CURRENC Group Inc.
CURRENC Group Inc. (Nasdaq: CURR) is a fintech leader focused on transforming global financial services through artificial intelligence (AI). The Company provides financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered tools, designed to lower costs, improve efficiency, and increase customer satisfaction for banks, insurance companies, telecommunications companies, government agencies, cryptocurrency exchanges, and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to offer real-time, 24/7 global payment services, thereby increasing financial access in underserved communities.

About ARC Group
ARC Group is a global investment bank and management consulting firm specializing in connecting Asia and the West. Our services cover a wide range of financial solutions, including IPOs, M&A, financing, venture capital, and SPACs. ARC Group also has an independent consulting division that focuses on the specific challenges faced by companies operating in both Asian and Western markets. Headquartered in Hong Kong, with offices throughout Mainland China, the USA, Malaysia, Indonesia, Vietnam, India, Sweden, and the UAE, we are well-positioned to deliver cross-border financial and advisory services.

Safe Harbor Statement
This press release includes forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements, which are not historical facts, involve the Company’s beliefs and expectations and are considered forward-looking. These forward-looking statements are subject to inherent risks and uncertainties, and various factors could cause actual results to differ significantly from those expressed in any forward-looking statement. In some instances, forward-looking statements can be identified by terms such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or similar language. Further details on these and other risks, uncertainties, or factors can be found in the Company’s filings with the SEC. The information provided in this press release is current as of its date, and the Company assumes no obligation to update this information unless required by law.

Investor & Media Contact
CURRENC Group Investor Relations
Email: investors@currencgroup.com

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