![]() CompareAsiaGroup leverages technology to increase pricing transparency for financial products and improve financial literacy. IFC East Asia and Pacific regional director Vivek Pathak said, “At IFC, reaching the unbanked and under-banked is a priority and we believe the best way to do this is through technology. Last year 28 million customers used CompareAsiaGroup, which currently operates in eight countries in Asia, including the Philippines and Indonesia. Through the platform banks receive reduced distribution costs and increased access to untapped clients. In Hong Kong it is known as MoneyHero, in Indonesia as HaloMoney, Malaysia’s platform is called Compare Hero, the Philippines version is called MoneyMax, in Taiwan it’s Money101 and in Thailand it is called MoneyGuru. ![]() The company’s platform operates under different names across the region with its Singapore-based product being. Hong Kong-based CompareAsiaGroup runs an online personal management platform across Asia, which helps customers get independent comparison and management of insurance, credit cards, personal loans, among other financial products. Also contributors were existing relationships including Goldman Sachs, Nova Founders Capital and ACE & Company. Other investors taking part in the round included new backers Alibaba Group, SBI Group and H&Q Utrust. Southeast Asia CompareAsiaGroup has picked up a $50m Series B funding round, led by IFC who committed $15m to the investment. Fintech insurtech wealthtech regtech ai cybertech esg news
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