Currenc Group initiated with a Buy at Roth MKM

Roth MKM analyst Craig Irwin initiated coverage of Currenc Group (CURR) with a Buy rating and $3.50 price target The company provides remittance services and airtime top-ups through its Tranglo and WalletKu subsidiaries, the analyst tells investors in a research note. The firm expects geographic expansion and stabilizing take rates to support the company’s growth visibility and would be “opportunistic buyers ahead of catalysts confirming growth trends.”