MoneyHero Limited (MNY) has released an update.
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MoneyHero Limited has announced a pivotal strategic partnership with Jirnexu Pte. Ltd., facilitating the acquisition of its Malaysian B2C brand, CompareHero, by Jirnexu’s RinggitPlus, the leading player in the Malaysian market. In this transaction, MoneyHero retains an equity stake in Jirnexu, aligning with its strategy to focus on growth opportunities in its core markets while maintaining interest in the Malaysian financial sector. The deal, set to close in early July 2024, promises continuity and advancement for CompareHero users and aims to enhance long-term shareholder value.
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