Monday
July 17
2017

CompareAsiaGroup scores $50M from investors including IFC, Alibaba and Goldman Sachs

CompareAsiaGroup, which runs online financial marketplaces in seven Asian countries, has closed a $50 million Series B. The round was led by the International Finance Corporation (IFC), a member of the World Bank Group, and includes capital from new investors Alibaba, SBI Group and H&Q Utrust. Returning investors like Goldman Sachs Investment Partners, which led CompareAsiaGroup’s $40 million Series A in 2015, Nova Founders Capital, ACE & Company and Route 66 Ventures, also participated.

CompareAsiaGroup claims that more than 28 million people used its sites last year, making it the largest personal financial management platform in Asia.

Source: TechCrunch (link opens in a new window)

Categories
Investing
Tags
ASEAN, financial management, financial services, financial technology, fintech, investors