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MoneyHero Begins Beta Testing for Credit Hero Club in Hong Kong, Powered by TransUnion
Globenewswire· 2025-09-12 02:30
HONG KONG, Sept. 12, 2025 (GLOBE NEWSWIRE) -- MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform and a digital insurance brokerage provider in Greater Southeast Asia, today announced that Credit Hero Club has launched its invite-only beta version to a selected group of MoneyHero users, following a successful alpha release to internal MoneyHero and TransUnion users at the end of Q2 2025. Beta testing is underway and will continue thr ...
MoneyHero Begins Beta Testing for Credit Hero Club in Hong Kong, Powered by TransUnion
Globenewswire· 2025-09-12 02:30
Core Insights - MoneyHero Limited has launched the invite-only beta version of Credit Hero Club, a platform aimed at enhancing users' understanding of their credit profiles and simplifying the loan application process, with a public launch targeted for Q4 2025 [1][2] Group 1: Product Development - Credit Hero Club is developed in partnership with TransUnion and provides users with access to their credit profiles and personalized loan product information [2] - The beta testing phase will last approximately three weeks, after which product adjustments will be finalized [1][3] Group 2: Market Opportunity - Research from TransUnion indicates that 83% of consumers in Hong Kong hold basic spend wallet credit cards, highlighting a gap in access to diverse credit products [5] - Credit Hero Club aims to address this gap by helping consumers understand their credit profiles and increasing their chances of approval for suitable financial products [5] Group 3: Business Model and Growth - By offering comprehensive credit monitoring and personalized insights, Credit Hero Club positions MoneyHero as a trusted financial platform, enhancing customer engagement and long-term value [4] - The platform is expected to unlock recurring monetization opportunities across lending, insurance, and wealth products, supporting margin-accretive growth [4] Group 4: Company Overview - MoneyHero Limited operates in Greater Southeast Asia, including Singapore, Hong Kong, Taiwan, and the Philippines, with a portfolio of B2C and B2B platforms [7] - As of March 31, 2025, MoneyHero had over 260 commercial partner relationships and approximately 5.7 million Monthly Unique Users [8]