MoneyHero Proposes $8M Acquisition of MoneySmart

MoneyHero Limited (MNY) has released an update.

MoneyHero Limited, a leader in online personal finance in Greater Southeast Asia, has proposed an $8 million stock deal to acquire all shares of its rival, MoneySmart. The acquisition aims to strengthen MoneyHero’s market dominance and enhance its product offerings and technology. The final purchase price will be determined after due diligence, with the possibility of additional cash payment based on MoneySmart’s valuation.

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