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MoneyHero Enhances Car Insurance Vertical via Strategic Partnership with bolttech

Oct 08, 2024

Contract Type

partnership

SingaporeFinancial ServicesFinanceFintechLendinginformation technology & services

Description

MoneyHero Limited has announced the launch of its brand-new car insurance platform through a strategic partnership with bolttech, a global leader in insurtech. The collaboration aims to transform MoneyHero’s consumer experience for car insurance by integrating bolttech’s cutting-edge insurance exchange technology into the MoneyHero platform. The enhanced marketplace will provide a more seamless purchase process and empower consumers with better insights and broader options.

Company Information

Company

MoneyHero

Location

70 Shenton Way, #18-15

Singapore

About

MoneyHero Limited (NASDAQ: MNY) is a market leader in the online personal finance and digital insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero currently manages 279 commercial partner relationships and services 8.1 million Monthly Unique Users across its platform for the six months ended June 30, 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group.

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What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

MoneyHero signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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