Financial Data and Key Metrics Changes - Adjusted EBITDA loss improved to $2,900,000 in Q4 2024, the best quarterly performance since going public, compared to losses of $6,400,000 in Q1, $9,300,000 in Q2, and $5,000,000 in Q3 [5][6] - Gross margin expanded by 25 percentage points year over year, while net loss narrowed to $18,800,000 from $94,300,000 during the same period last year [6] - Total revenue fell by 40% year over year to $15,700,000, driven by a strategic pivot towards high-margin products [12][13] Business Line Data and Key Metrics Changes - Insurance revenue grew by 40% to $8,200,000 in 2024, now accounting for a double-digit share of total revenue [8] - Wealth revenue surged by 138% to $8,500,000 in 2024, driven by deepening banking relationships and robust demand for investment products [8] - Revenue from insurance products increased by 10% year over year to $2,100,000, accounting for 14% of total revenue, compared to 7% during the same period last year [13] Market Data and Key Metrics Changes - Registered members reached 7,500,000, up 42% year on year, reflecting strong user engagement [6] - Approved applications grew 21% year over year to 767,000, indicating increasing user trust and robust demand [6] Company Strategy and Development Direction - The company aims to achieve $100,000,000 in revenue in 2025 and generate positive adjusted EBITDA in the second half of the year [6] - Focus on diversifying revenue mix towards high-margin products, lowering operating expenses, and improving operational efficiency [5] - Strategic pillars include consumer pull, conversion expertise, operating leverage, strong provider partnerships, and insurance brokerage [7][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in regaining top-line growth momentum and highlighted the importance of a debt-free balance sheet and $42,500,000 in cash for future growth [10] - The company is positioned to capture a greater share of the large and growing addressable market in banking and insurance [10] - Management emphasized the commitment to becoming an AI-first organization, with several initiatives already underway to enhance operational efficiency [10][59] Other Important Information - The company has implemented a comprehensive reorganization to streamline operations and reduce costs, resulting in a 45% year-over-year decrease in employee-related expenses [46] - Marketing expenses increased in 2024 but were strategically focused on high-margin verticals, with a 23% reduction in marketing spend year over year in Q4 [50][52] Q&A Session Summary Question: What is the company's strategy to lower acquisition costs and leverage the growing registered membership base? - The company is focusing on customer segmentation and personalized marketing campaigns to lower customer acquisition costs, leveraging the growing member base for deeper engagement and monetization [21][22] Question: How much is the insurance revenue expected to contribute for FY 2025 and what will be the key drivers? - While specific revenue guidance is not provided, insurance is expected to become a more meaningful driver in 2025, with initiatives like a real-time car insurance platform and enhanced travel insurance offerings [25][26] Question: What is the capital allocation strategy given the current cash position? - The company maintains a disciplined approach to capital allocation, ensuring liquidity for operations while exploring growth opportunities that align with high-margin products and technology partnerships [31][32] Question: What markets are expected to drive growth in 2025? - Singapore and Hong Kong are identified as mature markets for simultaneous investment across strategic pillars, while the Philippines and Taiwan present emerging opportunities for growth [34][36] Question: Can you elaborate on the impact of the reorganization on cost structure and margins? - The restructuring has optimized the cost base and improved productivity, resulting in a significant reduction in employee-related expenses and enhanced operating leverage [46][47] Question: What are the plans for AI and automation, and their expected contributions? - The company is embedding AI into workflows to enhance operational efficiency, with initiatives in customer service and content creation already showing positive results [55][56] Question: How does the company plan to leverage the Nasdaq listing and improve stock performance? - The Nasdaq listing has enhanced credibility and provided flexibility for growth initiatives, with a focus on executing the efficiency strategy to drive revenue growth and profitability [64][65]

Core Insights - MoneyHero Limited reported a significant narrowing of net loss to US$(18.8) million in Q4 2024 from US$(94.3) million in the same period last year, indicating progress towards profitability [2][8][14] - The company achieved an Adjusted EBITDA loss of US$(2.9) million in Q4 2024, an improvement from US$(4.6) million in the prior year, marking its best quarterly performance since going public [2][8][14] - Revenue for Q4 2024 decreased by 40% year-over-year to US$15.7 million, primarily due to a strategic shift towards high-margin products [14][19] Financial Performance - Full year 2024 revenue decreased by 1% year-over-year to US$79.5 million, driven by a focus on profitability and diversification towards high-margin products [14][21] - Insurance revenue grew by 40% year-over-year to US$8.2 million, accounting for 10% of total revenue, while wealth products revenue surged by 138% to US$8.5 million [14][21] - Total operating costs and expenses for Q4 2024 decreased to US$25.2 million from US$45.6 million in the same period last year, reflecting the company's efficiency strategy [14][21] Operational Highlights - The company reported a 42% increase in registered members and a 21% rise in approved applications year-over-year in 2024, indicating strong customer engagement [2][21] - MoneyHero remains the largest digital acquisition partner for credit cards across its markets, leveraging this position to expand into high-margin verticals [4][29] - The company is committed to becoming an AI-first organization, with initiatives underway to deploy AI-powered customer service tools and automate workflows [5][6] Strategic Focus - Looking ahead to 2025, MoneyHero plans to maintain its focus on scaling high-margin verticals, particularly in insurance, while tightening cost controls [5][11] - The company has adopted a 'buy-over-build' philosophy for its product and tech strategy, enabling faster innovation through strategic partnerships [5][11] - A comprehensive reorganization and restructuring exercise is underway to streamline operations and enhance efficiency [10][11]

Core Insights - MoneyHero Limited is expanding its collaboration with TransUnion to launch the Credit Hero Club in Hong Kong in Q2 2025, building on the success of a pilot program in 2023 [1][2] Group 1: Company Overview - MoneyHero is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia [1][6] - The company operates in Singapore, Hong Kong, Taiwan, and the Philippines, with a brand portfolio that includes platforms like MoneyHero, SingSaver, Money101, Moneymax, and Seedly [6][8] - As of September 30, 2024, MoneyHero had approximately 7.4 million Monthly Unique Users across its platform [8] Group 2: Credit Hero Club Initiative - The Credit Hero Club aims to empower consumers in Hong Kong to understand, manage, and improve their credit health, addressing the fragmented access to real-time credit insights [2][3] - Consumers will receive unlimited free access to their personal credit scores, personalized tips to enhance creditworthiness, and tailored recommendations for financial products [7] Group 3: Strategic Importance - The launch of Credit Hero Club is a strategic milestone for MoneyHero, expected to enhance user engagement, increase customer lifetime value, and strengthen revenue performance across its credit product portfolio [5] - The initiative is designed to create value for both consumers and financial institutions by improving transparency and simplicity in the consumer credit journey [4]

Company Overview - MoneyHero Limited (NASDAQ:MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia [3] - The company operates in Singapore, Hong Kong, Taiwan, and the Philippines, with a brand portfolio that includes B2C platforms such as MoneyHero, SingSaver, Money101, Moneymax, and Seedly, along with the B2B platform Creatory [3] - As of September 30, 2024, MoneyHero had over 270 commercial partner relationships and approximately 7.4 million Monthly Unique Users across its platforms [3] Upcoming Financial Results - MoneyHero will release its fourth quarter and full year 2024 results on April 29, 2025, before market opens [1] - A related conference call to discuss the results will be held at 8:00 a.m. EDT on the same day [1] Investor Engagement - Investors and interested parties can listen to the conference call via a registration link for the webcast or audio conference [2] - The webcast replay will be available on the Investor Relations website for 12 months following the event [2] Backing and Support - The company is backed by notable investors including Peter Thiel and Richard Li, enhancing its credibility and market position [3]

SINGAPORE, March 04, 2025 (GLOBE NEWSWIRE) -- MoneyHero Limited (NASDAQ:MNY) ("MoneyHero" or the "Company"), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, has launched a new three-click travel insurance purchase feature for its members in Singapore. This enhancement allows returning users to instantly purchase travel insurance in just three simple clicks, eliminating the need to repeatedly fill out forms and savin ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

Senior finance executive Danny Leung, the Company’s Group Finance Director, named interim CFO MoneyHero launches formal search process for its next permanent CFO, supported by leading global executive search advisors SINGAPORE, Dec. 13, 2024 (GLOBE NEWSWIRE) -- MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a market leading personal finance aggregation and comparison platform in Greater Southeast Asia, today announced the resignation of Hao Qian, the Company’s Chief Financial Officer (“CFO” ...

Senior finance executive Danny Leung, the Company’s Group Finance Director, named interim CFO MoneyHero launches formal search process for its next permanent CFO, supported by leading global executive search advisors SINGAPORE, Dec. 13, 2024 (GLOBE NEWSWIRE) -- MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a market leading personal finance aggregation and comparison platform in Greater Southeast Asia, today announced the resignation of Hao Qian, the Company’s Chief Financial Officer (“CFO” ...

SINGAPORE, Nov. 19, 2024 (GLOBE NEWSWIRE) -- MoneyHero Limited (Nasdaq:MNY) (“MoneyHero” or the “Company”), a market leading personal finance aggregation and comparison platform in Greater Southeast Asia, today announced that it will release its third quarter 2024 results on Tuesday, December 10, 2024 before market opens and will hold a related conference call to discuss the results at 8:00a.m. EST the same day. Investors and other interested parties may listen to the call by clicking on the registration li ...

MoneyHero to leverage bolttech's cutting-edge insurance exchange technology to power the Company's new car insurance platform New digital marketplace enhances MoneyHero's insurance brokerage and conversion expertise, offering a streamlined end-to-end consumer journey across Hong Kong, Singapore and the Philippines SINGAPORE, Oct. 08, 2024 (GLOBE NEWSWIRE) -- MoneyHero Limited (NASDAQ: MNY) ("MoneyHero" or the "Company"), a leading personal finance and digital insurance brokerage platform in Greater Southeas ...