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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. The funding will be used to continue to improve the user experience by making the process of finding, comparing, selecting, getting and managing banking and insurance products significantly easier. CompareAsiaGroup added it will further develop its proprietary technology and continue to expand its team. IFC regional director for East Asia and the Pacific Vivek Pathak said, reaching the unbanked and under-banked is a priority and IFC believes the best way to do this is through technology.
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