. Together, these firms accounted for 6.2% of the $44.7 million in revenue Tranglo made in the first three quarters of 2022–equal to about $2.7 million. .
The rub: GEA is controlled by Kong, Tranglo’s major shareholder. It is apparently a small outfit: Kong is one of two GEA employees oncould not find any GEA website. In addition to the Hong Kong entity, there is also GEA Pte., a Singapore-incorporated payments processor. Both are owned by Gea Holdings Ltd., a Seamless Group subsidiary.
That’s because InFinT’s registration filing states that Tranglo “may make use of the ODL facility itself, and obtain extra liquidity”; no restrictions on this facility are mentioned.
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