v3.25.2
Summary of significant accounting policies (Details Narrative)
3 Months Ended 12 Months Ended
Feb. 28, 2025
shares
Feb. 10, 2025
USD ($)
Aug. 30, 2024
USD ($)
shares
Aug. 21, 2024
$ / shares
Jul. 29, 2023
$ / shares
Jul. 29, 2022
USD ($)
shares
Sep. 13, 2018
$ / shares
shares
Mar. 31, 2025
USD ($)
Segment
shares
Mar. 31, 2024
USD ($)
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
shares
Feb. 25, 2025
$ / shares
Dec. 31, 2021
USD ($)
Product Information [Line Items]                            
Cash balances               $ 62,300,000   $ 63,800,000        
Working capital deficit               59,800,000   57,900,000        
Net capital deficit               43,927,603 $ 41,407,040 41,756,058 $ 39,143,247 $ 24,735,379    
Net loss               4,487,358 2,631,928 38,826,762 14,417,786      
Net cash used in operating activities               (1,487,912) (220,972) 3,450,240 (15,286,494)      
Net cash used in investing activities               $ 174,562 11,443 565,034 (1,444,823)      
New issuance shares                   $ 22,350,207        
Number of reportable segments | Segment               2            
Shares forfeited | shares                   685,453        
Fair value of awards granted           $ 29,376,811   $ 2,158,749   $ 20,870,117        
Stock price at grant date | $ / shares       $ 6.22 $ 6.22               $ 1.49  
Share-based compensation expense               2,158,749 20,869,721      
Accounts receivable credit loss                   484,303 187,462 117,195    
Impairment charges on goodwill                   14,941,955      
Asset impairment charges                   5,400,000        
Advertising and promotion costs                   784,818 618,661      
Safeguarding assets                   3,790,176 1,983,116      
Safeguarding liabilities                   3,790,176 1,983,116      
Cash               62,300,298   63,821,397 48,516,765      
Net cash used in operating activities               1,487,912 220,972 (3,450,240) 15,286,494      
Net cash provided by investing activities               (174,562) (11,443) (565,034) 1,444,823      
Net cash used in financing activities               $ (141,611) $ (470,451) (2,016,549) 1,197,648      
Expected Volatility, Minimum       26.65% 26.65%                  
Expected Volatility, Maximum       42.32% 42.32%                  
Expected Dividend Yield       0.00% 0.00%                  
Exercise Price | $ / shares                        
Weighted Average Fair Value | $ / shares       $ 5.75 5.75                  
Other assets                   $ 1,086,316 $ 1,094,379      
Convertible Debt Securities [Member]                            
Product Information [Line Items]                            
Convertible shares | shares               1,027,997 2,604,554 244,515 2,523,557      
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Four Customers [Member]                            
Product Information [Line Items]                            
Concentration of credit risk percentgae                   64.90% 53.00%      
Computer Software, Intangible Asset [Member]                            
Product Information [Line Items]                            
Intangible assets amortized period                   5 years        
Developed Technologies [Member]                            
Product Information [Line Items]                            
Intangible assets amortized period                   7 years        
Trade Names And Trademarks [Member]                            
Product Information [Line Items]                            
Intangible assets amortized period                   10 years        
Business Combination Agreement [Member]                            
Product Information [Line Items]                            
Ordinary shares | shares                   40,000,000        
Currenc at exchange after adjusting for per share repurchase | $ / shares                   $ 0.650635750        
Seamless Group Inc [Member]                            
Product Information [Line Items]                            
Net capital deficit                     $ 39,143,247 24,735,379 [1]   $ 8,093,751
Net loss                     14,417,786 15,725,713 [2]    
Net cash used in operating activities                     (15,286,494) 8,681,916 [2]    
Net cash used in investing activities                     $ (1,444,823) 732,332 [2]    
Shares forfeited | shares 320,071   466,573               77,261      
Fair value of awards granted     $ 2,695,334         $ 310,292            
Stock price at grant date | $ / shares         $ 6.55           $ 6.55      
Accounts receivable credit loss                     $ 187,462 117,195  
Advertising and promotion costs                     784,818 618,661    
Safeguarding assets                     1,983,116 5,787,354    
Safeguarding liabilities                     1,983,116 5,787,354    
Cash                     48,516,765 62,798,729 [1]    
Working capital deficit                     70,500,000      
Net capital deficit                     36,200,000      
Net cash used in operating activities                     15,286,494 (8,681,916) [2]    
Net cash provided by investing activities                     1,444,823 (732,332) [2]    
Net cash used in financing activities                     1,197,648 5,767,020 [2]    
Outstanding balance of convertible bond                     $ 10,000,000 10,000,000    
Expected Volatility, Minimum         39.84%           39.84%      
Expected Volatility, Maximum         43.74%           43.74%      
Expected Dividend Yield         0.00%           0.00%      
Exercise Price | $ / shares                        
Weighted Average Fair Value | $ / shares         $ 5.73           $ 5.73      
Fair value of awards granted                     $ 32,790,450      
Other assets                     $ 2,000,000.0 $ 5,800,000    
Seamless Group Inc [Member] | Convertible Debt Securities [Member]                            
Product Information [Line Items]                            
Convertible shares | shares                     1,532,798 1,532,798    
Seamless Group Inc [Member] | Convertible Bond [Member]                            
Product Information [Line Items]                            
Outstanding balance of convertible bond                     $ 10,000,000 $ 10,000,000    
Seamless Group Inc [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]                            
Product Information [Line Items]                            
Concentration of credit risk percentgae                     53.00% 71.00%    
Seamless Group Inc [Member] | Computer Software, Intangible Asset [Member]                            
Product Information [Line Items]                            
Intangible assets amortized period                     5 years      
Seamless Group Inc [Member] | Developed Technology Rights [Member]                            
Product Information [Line Items]                            
Intangible assets amortized period                     7 years      
Seamless Group Inc [Member] | Trademarks and Trade Names [Member]                            
Product Information [Line Items]                            
Intangible assets amortized period                     10 years      
2022 Equity Incentive Plan [Member]                            
Product Information [Line Items]                            
Shares vested | shares     3,964,324         2,188,771   1,954,086        
Shares vested and expected to vest | shares               1,775,553   2,010,238        
Shares unvested               $ 13,178,775.56   $ 14,587,799.62        
Exchange consideration shares | shares     40,000,000                      
2022 Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Seamless Group Inc [Member]                            
Product Information [Line Items]                            
Share-based compensation grants in priod | shares             5,803,000              
2022 Equity Incentive Plan [Member] | Seamless Group Inc [Member]                            
Product Information [Line Items]                            
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Other | shares           5,803,000                
2018 Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]                            
Product Information [Line Items]                            
Share-based compensation exercisable, options grants in priod | shares             2,591,543              
2018 Equity Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Directors And Employees [Member]                            
Product Information [Line Items]                            
Share-based compensation options grants in period | shares             978,397              
Share-based compensation exercisable, weighted average exercise price | $ / shares             $ 12.87              
2018 Equity Incentive Plan [Member] | Seamless Group Inc [Member]                            
Product Information [Line Items]                            
Share-based compensation exercisable, options grants in priod | shares             2,591,543              
Share-based compensation options grants in period | shares             978,397              
Share-based compensation exercisable, weighted average exercise price | $ / shares             $ 12.87              
Maximum [Member]                            
Product Information [Line Items]                            
New issuance shares   $ 10,000,000                        
Expected Time to Liquidity       2 years 10 days 2 years 10 days                  
Maximum [Member] | Subsequent Event [Member]                            
Product Information [Line Items]                            
New issuance shares   $ 10,000,000                        
Maximum [Member] | Seamless Group Inc [Member]                            
Product Information [Line Items]                            
Expected Time to Liquidity         2 years 11 months 1 day           2 years 11 months 1 day      
Minimum [Member]                            
Product Information [Line Items]                            
Expected Time to Liquidity       10 days 10 days                  
Minimum [Member] | Seamless Group Inc [Member]                            
Product Information [Line Items]                            
Expected Time to Liquidity         11 months 1 day           11 months 1 day      
InFint Acquisition Corporation [Member]                            
Product Information [Line Items]                            
Cash equivalents                     $ 0 $ 0    
Cash and marketable securities held in trust account                     83,523,112 208,932,880    
Deferred offering costs                     582,540      
Adjustments to additional paid in capital, fair value                     268,617      
Underwriter discount                     8,499,949      
Temporary equity                     83,523,112 208,932,880    
Unrecognized tax benefits                     0 0    
Accrued interest and penalties                     0 0    
Federal depository insurance                     250,000      
Cash balances                     43,509      
Working capital deficit                     (4,516,047)      
Net capital deficit                     10,516,011 8,488,304   $ 4,442,224
Net loss                     (3,147,500) 1,111,964    
Net cash used in operating activities                     (552,958) (756,716)    
Net cash used in investing activities                     (130,584,975) 2,999,982    
Cash                     43,509 271,467    
Net cash used in operating activities                     552,958 756,716    
Net cash provided by investing activities                     130,584,975 (2,999,982)    
Net cash used in financing activities                     $ 130,259,975 $ (2,999,982)    
[1] 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.
[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.