Hong Kong based financial aggregator CompareAsiaGroup has raised $50m in Series B funding led by International Finance Corp. CompareAsiaGroup, through its personal finance management platform, helps people across Asia save money and make better choices about personal finance with free and independent online comparison and management tools for insurance, credit cards, personal loans and other financial products. Launched in 2014, CompareAsiaGroup is touted as Asia’s largest personal finance management platform with operations in seven markets covering over half a billion people.
Financial aggregator CompareAsiaGroup has raised $50 million in its series B round led by the International Finance Corp (IFC) that was joined in by new investors Alibaba Entrepreneurs Fund, SBI Group, and H&Q Utrust. Existing investors Goldman Sachs Investment Partners, Nova Founders Capital, ACE & Company, and Route 66 Ventures also participated in the round. DEALSTREETASIA had first reported last November that the World Bank Group’s private venture lending arm IFC would invest up to $25 million in CompareAsiaGroup as the group intends to accelerate expansion in the region. CompareAsiaGroup, through its personal finance management platform, helps people across Asia save money and make better choices about personal finance with free and independent online comparison and management tools for insurance, credit cards, personal loans and other financial products.
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