AVG invests US$500k in financial comparison site iMoney.my

Fri, Jun 14, 2013: iMoney Group, a Malaysia based startup has announced that it has received investment fund of US$500,000 (RM1.56 million) from Asia Venture Group (AVG), to expand its financial comparison website, iMoney.my into Southeast Asia region.

iMoney.my provides free financial services comparison, application services for home, personal and car loans, credit cards and other banking products to consumer. iMoney has also created a large library of financial related content, aimed at educating the general public, and has quickly become the authoritative site for many consumers. Consumers then use these services to choose and apply for financial products.

According to iMoney, they are aiming to generate more than US$1 billion in business to banks and insurance companies and to become the number 1 destination for financial matters for consumers in the region.

Author: VSDaily Editor

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