- MoneyHero revenue grew 50% to $35 million in Q4.
- Overall applications surged over 80% amid rising market share over competitors.
- The company plans major hiring in 2024 to support expansion after a successful merger and public listing in 2023.
Fintech platform MoneyHero, formerly known as Hyphen Group, saw its revenue climb 50% year-over-year in Q4 2023 to around $35 million. Growth was spearheaded by Singapore, where sales more than doubled.
An impressive surge of 80%
Overall applications on MoneyHero’s personal finance aggregation platforms surged over 80% amid rising market share.
CEO Prashant Aggarwal credited MoneyHero’s “ascendance” for competitors losing ground.
Robust earnings boosted by the merger
The robust earnings build on the company going public via a SPAC merger with Bridgetown Holdings last October.
MoneyHero, backed by billionaire Richard Li, provides financial services comparisons across 5 Southeast Asian countries.
Expansion plans in 2024
MoneyHero promoted veteran executive Rohith Murthy to Chief Business Officer. It plans to ramp up hiring across engineering, marketing, finance, and operations in 2024 to support expansion plans after a watershed in 2023.
