v3.25.2
Schedule of condensed balance sheets of parent company (Details) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Current assets:        
Cash and cash equivalents $ 62,300,298 $ 63,821,397 $ 48,516,765  
Short-term investments     300,000  
Prepayments, deposits and other receivables 25,874,112 20,948,216 34,225,239  
Total current assets 93,939,406 87,486,859 103,361,724  
Total assets 110,757,729 104,679,986 141,490,432  
Current liabilities:        
Borrowings   1,750,000 10,000,000  
Accruals and other payables 51,411,453 55,329,740 53,988,231  
Convertible bonds 1,750,000 1,750,000 10,000,000  
Total current liabilities 153,749,761 145,357,196 173,862,148  
Borrowings 2,506,974  
Total liabilities 154,685,332 146,436,044 177,675,731  
Shareholders’ deficit:        
Common shares (US$0.001 par value; 58,030,000 shares authorized, issued and outstanding as of December 31, 2023 and 2022) 4,653 [1] 4,653 [1] 3,398 [2]  
Additional paid-in capital 67,797,587 [1] 65,638,838 [1] 29,227,005  
Accumulated deficit (136,197,260) (131,522,902) (92,075,379)  
Accumulated other comprehensive loss 7,873 (108,122) 88,366  
Total shareholders’ deficit attributable to Seamless Group Inc. (68,387,147) (65,987,533) (62,756,610)  
Total liabilities and shareholders’ deficit $ 110,757,729 $ 104,679,986 141,490,432  
Seamless Group Inc [Member]        
Current assets:        
Cash and cash equivalents     48,516,765 $ 62,798,729 [3]
Short-term investments     300,000 2,000,000 [3]
Prepayments, deposits and other receivables     34,225,239 37,563,550 [3]
Total current assets     103,361,724 121,206,663 [3]
Total assets     141,490,432 160,590,494 [3]
Current liabilities:        
Accruals and other payables     53,988,231 58,946,385 [3]
Convertible bonds     10,000,000 9,192,140 [3]
Total current liabilities     173,862,148 172,652,016 [3]
Borrowings     2,506,974 7,879,279
Convertible bonds    
Total liabilities     177,675,731 182,367,925 [3]
Shareholders’ deficit:        
Common shares (US$0.001 par value; 58,030,000 shares authorized, issued and outstanding as of December 31, 2023 and 2022)     58,030 58,030 [3]
Additional paid-in capital     29,172,373 29,172,373 [3]
Accumulated deficit     (92,075,379) (76,768,829) [3]
Accumulated other comprehensive loss     88,366 61,298 [3]
Total shareholders’ deficit attributable to Seamless Group Inc.     (62,756,610) (47,477,128) [3]
Total liabilities and shareholders’ deficit     141,490,432 160,590,494 [3]
Parent Company [Member] | Seamless Group Inc [Member]        
Current assets:        
Cash and cash equivalents     130,634 78,968
Short-term investments    
Prepayments, deposits and other receivables     76,492 66,245
Amounts due from subsidiaries     6,155,464 6,869,413
Amounts due from related parties     123,906 90,666
Total current assets     6,486,496 7,105,292
Investments in subsidiaries     20,682,970 26,470,719
Investment in an equity security    
Total assets     27,169,466 33,576,011
Current liabilities:        
Borrowings     11,162,844 11,577,451
Accruals and other payables     9,621,542 5,410,027
Amounts due to subsidiaries     7,302,130 2,640,735
Amounts due to related parties     49,472,617 49,900,344
Convertible bonds     10,000,001 9,192,141
Total current liabilities     87,559,134 78,720,698
Borrowings    
Convertible bonds    
Total liabilities     87,559,134 78,720,698
Shareholders’ deficit:        
Common shares (US$0.001 par value; 58,030,000 shares authorized, issued and outstanding as of December 31, 2023 and 2022)     58,030 58,030
Additional paid-in capital     29,172,373 29,172,373
Accumulated deficit     (89,542,157) (74,235,607)
Accumulated other comprehensive loss     (77,914) (139,483)
Total shareholders’ deficit attributable to Seamless Group Inc.     (60,389,668) (45,144,687)
Total liabilities and shareholders’ deficit     $ 27,169,466 $ 33,576,011
[1] Retrospectively restated to reflect Reverse Recapitalization – See Note 1 and Note 2.
[2] Retrospectively restated to reflect Reverse Recapitalization - See Note 1 and Note 2.
[3] Periods presented have been adjusted. Additional information regarding the adjustment may be found in Note 3 - Restatement of Previously Issued Financial Statements, included elsewhere in the notes to the financial statements.