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$304m

Valuation: $342m

SPAC IPO
Total Funding000k
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More about MoneyHero
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MoneyHero Group operates as a prominent personal finance aggregation and comparison company across Greater Southeast Asia, with dual headquarters in Singapore and Hong Kong. Established in 2013 as CompareAsiaGroup (CAG), the company was founded to simplify the process of researching and applying for financial products, which was traditionally cumbersome. The company rebranded to Hyphen Group in 2021 and subsequently to MoneyHero Group in 2023, following its merger with Bridgetown Holdings Limited, a special purpose acquisition company (SPAC). This merger led to its listing on the NASDAQ stock exchange under the ticker MNY. The SPAC was notably backed by Pacific Century Group, led by Hong Kong businessman Richard Li, and Thiel Capital, the venture capital firm of PayPal co-founder Peter Thiel.

The company's core business revolves around its digital comparison platforms, which attract consumers through financial literacy content, product reviews, and comparison tools. Revenue is generated from commercial partners, primarily financial institutions, for successfully connecting them with consumers who apply for products like credit cards, loans, and insurance through the platforms. Its brand portfolio includes MoneyHero, SingSaver, Money101, Moneymax, and Seedly, operating in markets such as Hong Kong, Singapore, the Philippines, and Taiwan. Beyond its direct-to-consumer platforms, MoneyHero operates a B2B business called Creatory, which provides its technology solutions to third-party online channels and content creators, enabling them to monetize their audience.

Rohith Murthy currently serves as the Chief Executive Officer, having taken over from Prashant Aggarwal in February 2024. Murthy has been with the company for over a decade, holding various leadership roles and was instrumental in scaling key businesses like SingSaver and Creatory. His extensive background includes over two decades in product innovation and digital banking with firms like Citi and Standard Chartered. Prashant Aggarwal, who led the company from its early stages through its public listing, now serves in an advisory capacity. The company has undergone significant milestones, including several funding rounds, the strategic acquisition of the Singaporean community platform Seedly in 2020, and a corporate restructuring in 2022 to focus on core, high-growth markets and achieve profitability.

Keywords: personal finance comparison, financial product aggregation, credit card comparison, personal loans, insurance brokerage, digital mortgage, Southeast Asia fintech, online financial tools, financial literacy, investment platforms, consumer finance, B2B financial technology, Seedly, Creatory, SingSaver, Moneymax, Money101, NASDAQ:MNY, Richard Li, Peter Thiel, Rohith Murthy

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Investments by MoneyHero

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Seedly
ACQUISITION by MoneyHero Oct 2020
MoneySmart
ACQUISITION by MoneyHero Aug 2024