Welcome to our dedicated page for MoneyHero news (Ticker: MNY), a resource for investors and traders seeking the latest updates and insights on MoneyHero stock.
MoneyHero Limited (MNY) provides a centralized hub for tracking developments at the intersection of fintech and digital financial services across Southeast Asia. This page aggregates official announcements, strategic initiatives, and market updates from the company behind Asia's leading personal finance comparison platform.
Investors and industry observers will find timely updates on earnings reports, product expansions, and strategic partnerships that shape MoneyHero's position in the insurance technology sector. The curated collection includes press releases about platform enhancements, regional market entries, and technological innovations in financial product aggregation.
Content spans three key areas: financial performance disclosures, operational milestones, and leadership insights relevant to the company's growth in digital insurance brokerage and credit product comparisons. Regular updates ensure stakeholders maintain awareness of MoneyHero's evolving role in connecting consumers with banking and insurance providers.
Bookmark this page for streamlined access to verified information about MNY's market activities. Check back frequently to monitor how the company navigates Southeast Asia's dynamic fintech landscape through its comparison platforms and brokerage services.
MoneyHero (NASDAQ: MNY) has launched an end-to-end car insurance purchasing platform in Hong Kong through a strategic partnership with bolttech. The enhanced platform enables customers to compare real-time quotes, customize coverage, and purchase policies instantly without third-party redirection.
The platform builds on their October 2024 partnership with bolttech, integrating advanced insurance exchange technology. Hong Kong's motor vehicle business recorded gross written premiums exceeding HK$5 billion, with insurance penetration reaching 17.2% in 2023.
MoneyHero's insurance business showed strong growth, with revenues increasing 54% year-over-year in the first nine months of 2024. The insurance vertical represented 9.5% of group revenue in Q3 2024. The company's travel insurance platform has already achieved conversion rates up to two times higher through its end-to-end purchasing model, and similar success is anticipated for car insurance.
MoneyHero (NASDAQ: MNY) has announced an expanded partnership with TransUnion to launch Credit Hero Club in Hong Kong during Q2 2025. This initiative follows their successful 2023 pilot program of a free credit score-checking mobile app.
The Credit Hero Club will offer Hong Kong consumers:
- Unlimited free access to monthly-updated personal credit scores
- Personalized tips for credit improvement
- Tailored recommendations for financial products
This launch comes as Hong Kong's consumer credit market exceeded HK$160 billion in outstanding balance between September and November 2024. The platform aims to bridge the gap in real-time credit insights access, positioning MoneyHero as a leading gateway for data-driven financial decisions.
MoneyHero (Nasdaq: MNY), a leading personal finance aggregation and comparison platform and digital insurance brokerage provider in Greater Southeast Asia, has scheduled its fourth quarter and full year 2024 financial results announcement for Tuesday, April 29, 2025, before market opens.
The company will host a conference call to discuss the results at 8:00 a.m. EDT on the same day. Investors can access the webcast and audio conference through the provided registration links, with the webcast replay remaining available on the Investor Relations website for 12 months following the event.
MoneyHero (NASDAQ: MNY) has launched a new three-click travel insurance purchase feature in Singapore, streamlining the process for frequent travelers. The enhancement enables returning users to purchase travel insurance with just three clicks, reducing the time spent by over 75% compared to traditional methods.
Key features include:
- Real-time quote comparison from leading insurers
- Customizable coverage options
- Instant purchase without third-party redirections
- Autofill functionality for personal details
- Immediate policy confirmation
The company's insurance business has shown strong growth, with revenues increasing by 54% year-over-year in the first nine months of 2024. Currently supporting 11 insurers in Singapore and Hong Kong, MoneyHero plans to expand the three-click feature to additional insurance products and markets.
MoneyHero (Nasdaq: MNY) announced the resignation of CFO Hao Qian, effective December 15, 2024. The company has appointed Danny Leung, current Group Finance Director, as interim CFO. Leung, who joined MoneyHero in 2024, brings over two decades of finance experience across growth-stage businesses and public companies.
Prior to MoneyHero, Leung served as Senior Financial Controller at Marga Group and Financial Controller at Kontafarma China Holdings. The outgoing CFO, Qian, cited personal reasons for his departure, wanting to be closer to family in China. During his tenure, Qian helped improve finance functions, restructured teams, cut costs, and streamlined revenue streams.
The company has initiated a formal search process for a permanent CFO with support from global executive search advisors.
MoneyHero (Nasdaq: MNY) announced the resignation of CFO Hao Qian, effective December 15, 2024. The company has appointed Danny Leung, current Group Finance Director, as interim CFO. Leung, who joined MoneyHero in 2024, brings over two decades of finance experience from roles at Marga Group, Kontafarma China Holdings, Lee Kum Kee, and Deloitte.
During his tenure, Qian helped improve finance and accounting functions, restructured teams, cut costs, and streamlined revenue streams. The company has initiated a formal search process for a permanent CFO with support from global executive search advisors.
MoneyHero (MNY) reported Q3 2024 results with revenue of US$20.9 million, up 6% year-over-year. The company achieved a net income of $5.7 million compared to a Q2 net loss of $(12.2) million, primarily driven by unrealized foreign exchange gains. Adjusted EBITDA improved by 40% quarter-on-quarter to $(5.5) million.
Key highlights include: Personal Loans and Mortgages revenue grew 34% YoY, Wealth/Investment product revenues increased nearly 5x YoY, and Insurance revenue grew 36% YoY. The company maintains a debt-free balance sheet with US$47.7 million in cash. Geographic performance showed mixed results with Hong Kong revenue up 18% YoY to $8.1M, Philippines up 49% to $4.0M, while Singapore declined 13% to $7.9M.
MoneyHero (Nasdaq: MNY), a leading personal finance comparison platform in Greater Southeast Asia, has scheduled its third quarter 2024 financial results announcement for Tuesday, December 10, 2024, before market opening. The company will host a conference call to discuss the results at 8:00 a.m. EST on the same day. Interested parties can access the webcast and audio conference through provided links, with the webcast replay available on the Investor Relations website for 12 months after the event.
MoneyHero (Nasdaq: MNY) reported strong Q2 2024 results with revenue increasing 24% year-over-year to US$20.7 million. Key highlights include:
- Singapore revenue surged 68% YoY to US$9.0 million
- Hong Kong revenue grew 19% YoY to US$7.3 million
- Insurance product revenue increased 89% YoY to US$2.2 million
- Approved applications up 50% YoY to 211,000
- MoneyHero Group Members grew 53% YoY to 6.5 million
Despite growth, the company reported a loss of US$(12.2) million and Adjusted EBITDA loss of US$(9.3) million due to strategic investments. MoneyHero expects to achieve Adjusted EBITDA profitability on a monthly basis by Q4 2024, supported by operational efficiency measures and focus on higher-margin products.
MoneyHero (Nasdaq: MNY), a leading personal finance aggregation and comparison platform in Greater Southeast Asia, has announced it will release its second quarter 2024 results on Thursday, September 19, 2024 before market opens. The company will hold a conference call to discuss the results at 8:00 a.m. EST on the same day.
Investors and interested parties can access the webcast or audio conference through provided registration links. The webcast replay will be available on the Investor Relations website for 12 months following the event.
