v3.25.2
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue $ 10,055,569 $ 13,104,123 $ 46,435,412 $ 53,255,361  
Cost of revenue (6,854,172) (8,696,562) (31,843,467) (35,899,057)  
Gross profit 3,201,397 4,407,561 14,591,945 17,356,304  
Selling expenses 3,987 13,408 25,880  
General and administrative expenses 7,522,252 5,824,208 41,954,296 23,976,209  
Loss from operations (4,320,855) (1,420,634) (27,375,759) (6,645,785)  
Other income:          
Finance costs, net (1,087,313) (1,311,363) (8,515,214) (8,002,552)  
Other income 969,691 189,735 (2,193,865) 839,606  
Other expenses (402) (19,137) (163,621) (85,574)  
Loss before income tax (4,438,879) (2,561,399) (38,248,459) (13,894,305)  
Income tax expense (48,479) (70,529) (578,303) (523,481)  
Net loss (4,487,358) (2,631,928) (38,826,762) (14,417,786)  
Net income attributable to non-controlling interests (187,000) (403,056) (648,559) (888,764)  
Net loss attributable to Seamless Group Inc. $ (4,674,358) $ (3,034,984) $ (39,475,321) $ (15,306,550)  
Shares used in loss per share computation, basic 35,374,891 [1] 33,980,753 [1] 38,163,168 33,980,753  
Shares used in loss per share computation, diluted 35,374,891 [1] 33,980,753 [1] 38,163,168 33,980,753  
Loss per share, basic $ (0.13) [1] $ (0.09) [1] $ (1.03) $ (0.45)  
Loss per share,diluted $ (0.13) [1] $ (0.09) [1] $ (1.03) $ (0.45)  
Other comprehensive income (loss):          
Foreign currency translation adjustments $ 171,532 $ 368,135 $ (209,531) $ 10,608  
Total comprehensive loss (4,315,826) (2,263,793) (39,036,293) (14,407,178)  
Total comprehensive income attributable to non-controlling interests (228,069) (407,798) (649,980) (871,614)  
Total comprehensive loss attributable to Seamless Group Inc. $ (4,543,895) $ (2,671,591) $ (39,686,273) (15,278,792)  
Seamless Group Inc [Member]          
Revenue       53,255,361 $ 55,500,917
Cost of revenue       (35,899,057) (39,880,947)
Gross profit       17,356,304 15,619,970
Selling expenses       25,880 95,174
General and administrative expenses       23,976,209 25,539,467
Loss from operations       (6,645,785) (10,014,671)
Other income:          
Finance costs, net       (8,002,552) (8,200,112)
Other income       839,606 3,405,486
Other expenses       (85,574) (802,634)
Loss before income tax       (13,894,305) (15,611,931)
Income tax expense       (523,481) (113,782)
Net loss       (14,417,786) (15,725,713) [2]
Net income attributable to non-controlling interests       (888,764) (952,422)
Net loss attributable to Seamless Group Inc.       $ (15,306,550) $ (16,678,135)
Shares used in loss per share computation, basic       58,030,000 58,030,000
Shares used in loss per share computation, diluted       58,030,000 58,030,000
Loss per share, basic       $ (0.26) $ (0.29)
Loss per share,diluted       $ (0.26) $ (0.29)
Other comprehensive income (loss):          
Foreign currency translation adjustments       $ 10,608 $ 2,402
Total comprehensive loss       (14,407,178) (15,723,311)
Total comprehensive income attributable to non-controlling interests       (871,614) (966,184)
Total comprehensive loss attributable to Seamless Group Inc.       (15,278,792) (16,689,495)
InFint Acquisition Corporation [Member]          
Formation and operating costs       1,819,312 3,756,538
Administrative expenses from related party       208,395 287,618
Loss from operations       (2,027,707) (4,044,156)
Other income:          
Interest earned on marketable securities held in Trust Account       5,175,207 2,932,192
Net loss       3,147,500 (1,111,964)
InFint Acquisition Corporation [Member] | Common Class A [Member]          
Other income:          
Net loss       $ (2,003,234) $ 860,883
Shares used in loss per share computation, basic       10,024,516 19,999,880
Shares used in loss per share computation, diluted       10,024,516 19,999,880
Loss per share, basic       $ 0.20 $ (0.04)
Loss per share,diluted       $ 0.20 $ (0.04)
InFint Acquisition Corporation [Member] | Common Class B [Member]          
Other income:          
Net loss       $ (1,165,646) $ 251,081
Shares used in loss per share computation, basic       5,833,083 5,833,083
Shares used in loss per share computation, diluted       5,833,083 5,833,083
Loss per share, basic       $ 0.20 $ (0.04)
Loss per share,diluted       $ 0.20 $ (0.04)
[1] Retrospectively restated to reflect Reverse Recapitalization – See Note 1 and Note 2.
[2] 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.