MoneyHero Predicts Year-over-year Revenue Growth In Singapore, Hong Kong

KUALA LUMPUR, Feb 19 (Bernama) -- MoneyHero Limited (MoneyHero) announced it anticipated year-over-year revenue growth of at least 60 per cent in Singapore and 50 per cent in Hong Kong as of January 2024, based on a preliminary and unaudited review.

MoneyHero in a statement said this growth has continued to dramatically outpace competition and further establishes the company as the dominant consumer finance platform in Southeast Asia.

“Our strategy continues to show significant results, our revenue pool is expanding at an accelerated rate, and our competition has never been under more pressure.

“We are thrilled to have achieved such strong year-over-year performance and look forward to continuing this momentum throughout 2024 and beyond,” said MoneyHero Chief Executive Officer, Prashant Aggarwal.

Meanwhile, its Chief Business Officer, Rohith Murthy said: “We are rapidly becoming the go-to platform for effortlessly comparing and choosing financial products, including insurance and credit solutions.

“We are committed to expanding our extensive ecosystem for all—offering more options for consumers, attracting better customers for our financial partners, and delivering unmatched value in the financial ecosystem,” added Murthy.

MoneyHero has been operating brands in Hong Kong and Singapore since 2013 and 2015, respectively, and currently serves more than 2.6 million monthly unique users across both markets for January 2024.

The company’s technology and product teams, which continue to expand with new and elite talent, plan to launch updated offerings for these markets this year that will support ongoing growth, leveraging the latest financial innovations, including artificial intelligence.

-- BERNAMA