CompareAsiaGroup Raises $50M to Invest in Tech, Marketing
Hong Kong-based online comparison platform for banking and insurance products CompareAsiaGroup announced it has raised $50M in a Series B round bringing its total funding to date to $96M. The new funding was led by International Finance Corp (IBF), a unit of World Bank with participation from other investors including Alibaba, Goldman Sachs and ACE; to name three. The company was established in 2014 and operates local websites across several countries including SingSaver.com.sg in Singapore, and CompareHero.my in Malaysia. “Singapore is one of our fastest-growing markets and remains a top priority” – CEO Sam Allen in an interview with Bloomberg. Bottom Line: meet the most funded insurance and banking products aggregator:
Recall 2017 insurance-related investments here.