8 Intangible assets, net

Intangible assets, net as of December 31, 2024 and 2023 consisted of the following:

 Schedule of intangible assets, net

Software mainly represent assets held by TNGA and GEA. The entities has been deconsolidated during the year 2024 and related assets were derecognised.

Amortization expenses of US$956,956 and US$1,614,741 were recorded in cost of revenue and general and administrative expenses respectively, for the year ended December 31, 2024.

Amortization expenses of US$1,587,906 and US$1,612,937 were recorded in cost of revenue and general and administrative expenses respectively, for the year ended December 31, 2023.

CURRENC GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

As of December 31, 2024, the estimated future amortization expense for each of the next five years and thereafter was as follows:

 Schedule of estimated future amortization expense

8 Intangible assets, net

Intangible assets, net as of December 31, 2023 and 2022 consisted of the following:

 Schedule of intangible assets net

Amortization expenses of US$1,587,906 and US$1,612,937 were recorded in cost of revenue and general and administrative expenses respectively, for the year ended December 31, 2023.

Amortization expenses of US$1,984,831 and US$1,540,557 were recorded in cost of revenue and general and administrative expenses respectively, for the year ended December 31, 2022.

SEAMLESS GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

As of December 31, 2023, the estimated future amortization expense for each of the next five years and thereafter was as follows:

 Schedule of future amortization expenses