Core Insights - MoneyHero Limited has announced a strategic collaboration with OSL Group to expand its digital asset wealth product offerings in Hong Kong, aiming to enhance financial wellbeing for consumers [1][2][3] Company Overview - MoneyHero Limited operates as a personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, with operations in Singapore, Hong Kong, Taiwan, and the Philippines [4] - The company had over 290 commercial partner relationships as of December 31, 2024, and approximately 6.2 million Monthly Unique Users for the three months ended December 31, 2024 [4] Industry Trends - There is a growing interest in digital assets in Hong Kong, with 8% of retail investors having invested in virtual assets in 2023, up from 1% in 2019, and 11% showing intention to invest [2] - The collaboration addresses the increasing demand for diversified financial solutions in the region [2] Strategic Collaboration - The partnership allows MoneyHero users to compare digital asset account products from leading SFC-licensed platforms like OSL, alongside traditional financial products [2][3] - OSL is recognized as a leader in the regulated digital asset space in Asia, providing valuable support for MoneyHero's expansion into this sector [3] Regulatory Compliance - OSL Group is dedicated to providing regulatory-compliant financial services and has a comprehensive suite of regulated services, including OTC brokerage and custody solutions [5][6] - The collaboration emphasizes the importance of accessible and regulated pathways to digital assets for sustainable industry growth [3]

Core Insights - MoneyHero Limited has announced a strategic partnership with RCBC, a leading credit card issuer in the Philippines, to integrate RCBC's credit card products into its digital platform, enhancing consumer access to financial products [1][2]. Group 1: Company Overview - MoneyHero Limited is a leading personal finance product comparison platform and digital insurance brokerage in Southeast Asia, operating under the NASDAQ ticker MNY [1]. - The company has a presence in markets including Singapore, Hong Kong, Taiwan, and the Philippines, with a diverse brand portfolio that includes MoneyHero, SingSaver, Money101, Moneymax, and Seedly [2]. - As of December 31, 2024, MoneyHero collaborates with over 290 business partners and has more than 6.2 million monthly unique users [2]. Group 2: Partnership Details - The partnership aims to expand MoneyHero's credit card product coverage in the Philippines and solidify its position as a preferred digital customer acquisition partner for regional banks [1]. - RCBC's credit card business has shown significant growth, with credit card receivables increasing by 48% and the number of circulating cards rising by 21% in 2024, indicating strong market demand [2]. - The collaboration will leverage MoneyHero's digital transformation expertise and RCBC's growth momentum in consumer finance to enhance user experience and promote a more inclusive digital financial ecosystem [1][2]. Group 3: RCBC Overview - RCBC is a leading financial services provider in the Philippines, offering a wide range of banking and financial products, including traditional banking, investment banking, micro-lending, retail credit, remittances, leasing, foreign exchange trading, and securities brokerage [3]. - RCBC is part of the Yuchengco Group of Companies, one of the oldest and largest corporate groups in Southeast Asia [3]. Group 4: RCBC Bankard Services Corporation - RCBC Bankard Services Corporation manages RCBC's credit cards, personal loans, and merchant payment solutions, focusing on innovative cashless payment solutions and diverse value-added services [4].

Core Insights - MoneyHero Limited has announced a strategic partnership with Rizal Commercial Banking Corporation (RCBC) to integrate RCBC's credit card products into MoneyHero's digital platform, enhancing financial service accessibility for Filipinos [1][2][3] Company Overview - MoneyHero Limited operates as a personal finance aggregation and comparison platform, as well as a digital insurance brokerage in Greater Southeast Asia, with a presence in Singapore, Hong Kong, Taiwan, and the Philippines [4] - The company had over 290 commercial partner relationships and approximately 6.2 million Monthly Unique Users as of December 31, 2024 [4] Partnership Details - The partnership aims to expand MoneyHero's credit card offerings in the Philippines, positioning it as a leading digital acquisition partner for banks in the region [2] - RCBC's credit card business has shown significant growth, with credit card receivables increasing by 48% and cards in force rising by 21% in 2024 [3] Strategic Goals - The collaboration is expected to improve customer experience and promote a more inclusive financial ecosystem by leveraging MoneyHero's digital conversion expertise and RCBC's consumer finance growth [2][3] - The partnership aligns with MoneyHero's mission to simplify financial choices for consumers and support bank partners in driving digital acquisition [3]

Core Viewpoint - MoneyHero Limited is set to release its first quarter 2025 results on June 13, 2025, and will hold a conference call to discuss these results [1] Group 1: Company Overview - MoneyHero Limited operates as a personal finance aggregation and comparison platform, as well as a digital insurance brokerage in Greater Southeast Asia [3] - The company has a presence in Singapore, Hong Kong, Taiwan, and the Philippines, with a brand portfolio that includes MoneyHero, SingSaver, Money101, Moneymax, and Seedly [3] - As of December 31, 2024, MoneyHero had over 290 commercial partner relationships and approximately 6.2 million Monthly Unique Users across its platforms [3] Group 2: Financial Communication - The conference call to discuss the first quarter results will take place at 8:00 a.m. EDT on June 13, 2025 [1] - Investors can access the call via a registration link for the webcast or audio conference [2] - A replay of the webcast will be available on the Investor Relations website for 12 months following the event [2]

Membership and User Engagement - As of December 31, 2024, MoneyHero Group had approximately 7.5 million members across Singapore, Hong Kong, Taiwan, and the Philippines[27] - In 2024, the company recorded over 1.7 million applications for financial product purchases and over 0.7 million approved applications, compared to the same figures in 2023[28] - User data indicates a total of 7,784,000 active users, representing a 15% increase compared to the previous quarter[35] - The platforms averaged over 5.2 million page views per month in 2024[28] - The company published over 180 articles per month on its blogs in 2024[28] Financial Performance - Revenue for the years ended December 31, 2022, 2023, and 2024 was US$68.1 million, US$80.7 million, and US$79.5 million, respectively[30] - The company reported a loss of US$49.4 million, US$172.6 million, and US$37.8 million for the years ended December 31, 2022, 2023, and 2024, respectively[30] - Revenue for the year ended December 31, 2024, was $79,511,000, a decrease of 1.4% compared to $80,671,000 in 2023[42] - Operating loss increased to $40,192,000 in 2024 from $30,026,000 in 2023, reflecting a higher cost structure[42] - Total comprehensive loss for 2024 was $34,037,000, significantly improved from $173,451,000 in 2023[42] Revenue Sources - In 2024, internet leads generation and marketing service income accounted for approximately 89.5% of total revenue, down from 94.0% in 2023[30] - Approximately 39.8%, 33.4%, 8.4%, 17.6%, and 0.9% of total revenue in 2023 was generated from Singapore, Hong Kong, Taiwan, the Philippines, and Malaysia, respectively[66] - Over 60% of total revenue in 2022, 2023, and 2024 was derived from credit card products[73] - Insurance commission income was reported as $1.7 million, $3.4 million, and $5.2 million in 2022, 2023, and 2024, representing 2.4%, 4.2%, and 6.5% of total revenue respectively[74] Market Presence and Expansion - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of the next fiscal year[35] - The company has provided guidance for the next quarter, expecting revenue to be in the range of 1,100 to 1,150 million USD, which would indicate a growth of approximately 5% to 10%[35] - New product launches are anticipated to contribute an additional 200 million USD in revenue over the next fiscal year[35] - The company has reported a significant increase in revenue, with a total of 1,043 million USD for the latest quarter, reflecting a growth of 10% year-over-year[35] Compliance and Regulatory Risks - The company is facing regulatory uncertainties regarding foreign investments, particularly concerning cash transfers from Hong Kong to Mainland China[37] - The company has emphasized the importance of compliance with PRC regulations, which could impact its financial operations and overall business strategy[37] - The company is subject to various legal, accounting, and compliance expenses as a public entity, which may increase if it no longer qualifies as an "emerging growth company"[61] - Non-compliance with data protection laws in various jurisdictions, such as the EU GDPR and Singapore's PDPA, could result in fines up to 10% of annual turnover for organizations exceeding S$10 million[97] Operational Challenges - The company continues to face risks related to economic conditions and competition in the Southeast Asian market, which may impact future performance[51] - The company must continuously adapt to market trends and evolving user preferences to maintain competitiveness[82] - The company faces increasing scrutiny from regulators regarding data privacy and security, particularly in the U.S. and Europe, which may impact its operations[107] - The company may face significant legal and operational challenges in Hong Kong, affecting the ability to serve legal processes and conduct investigations[209] Financial Stability and Cash Flow - Net cash flows used in operating activities were $24,888,000 in 2024, compared to $17,043,000 in 2023, indicating increased cash burn[44] - Cash and cash equivalents at the end of 2024 were $42,522,000, down from $68,641,000 at the end of 2023[44] - Current assets decreased to $78,282,000 in 2024 from $106,947,000 in 2023, indicating a reduction in liquidity[43] - Total liabilities decreased to $32,656,000 in 2024 from $35,963,000 in 2023, reflecting improved financial stability[43] Strategic Investments and Acquisitions - The company is exploring potential acquisitions to bolster its product offerings, with a budget of up to 300 million USD earmarked for this purpose[35] - The company plans to increase investments in new product offerings and technologies, acknowledging the inherent risks involved[87] - Acquisitions or strategic investments may not yield intended benefits and could disrupt business operations, impacting financial condition[141] Intellectual Property and Legal Risks - The company has 63 registered trademarks, with significant intellectual property held in Singapore and Hong Kong, which are set to expire between March 2026 and March 2035[160] - The company may face challenges in enforcing its intellectual property rights in regions with less robust protections compared to the United States[161] - The company is subject to various legal and regulatory risks, including compliance with anti-money laundering and anti-corruption laws, which could adversely impact its operations[167] Market and Economic Conditions - The COVID-19 pandemic has negatively impacted the global economy, affecting user creditworthiness and demand for the company's products and services[113] - The company may face material adverse effects on its business, financial condition, and results of operations due to unpredictable government measures related to COVID-19 and other public health threats[114] - Political and economic instability in Hong Kong may adversely impact the company's results of operations[188] Nasdaq Compliance - As of April 7, 2025, the company received a bid deficiency notice from Nasdaq regarding non-compliance with the minimum bid price requirement, with a deadline to regain compliance by October 6, 2025[221] - The company must achieve a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days to regain compliance with Nasdaq[221] - The company may consider implementing a reverse share split to regain compliance with Nasdaq's listing requirements if necessary[221]

Financial Data and Key Metrics Changes - Adjusted EBITDA loss improved to $2.9 million in Q4 2024, a significant improvement from losses of $6.4 million in Q1, $9.3 million in Q2, and $5 million in Q3 [5][6] - Gross margin expanded by 25 percentage points year over year, while net loss narrowed to $18.8 million from $94.3 million during the same period last year [6][12] - Total revenue fell by 40% year over year to $15.7 million, primarily due to a strategic pivot towards high-margin products [12] Business Line Data and Key Metrics Changes - Insurance revenue grew by 40% to $8.2 million in 2024, now accounting for a double-digit share of total revenue [7] - Wealth revenue surged by 138% to $8.5 million in 2024, driven by strong demand for investment products [7] - Revenue from insurance products increased by 10% year over year to $2.1 million, accounting for 14% of total revenue [12] Market Data and Key Metrics Changes - Registered members reached 7.5 million, up 42% year on year, indicating strong user engagement [6] - Approved applications grew by 21% year over year to 767,000, reflecting increasing user trust [6] Company Strategy and Development Direction - The company aims to achieve $100 million 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][8] - Strategic pillars include consumer pull, conversion expertise, operating leverage, strong provider partnerships, and insurance brokerage [7][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in regaining top-line growth momentum and highlighted the importance of strategic partnerships and technology investments [6][9] - The company is committed to becoming an AI-first organization, with initiatives underway to enhance customer service and automate workflows [9][50] - Management believes the stock is undervalued and expects the market to recognize the strength of the business model and operational performance [60] Other Important Information - The company has a debt-free balance sheet with $42.5 million in cash, providing a strong foundation for future growth [9] - Significant restructuring has led to a 45% reduction in employee-related expenses, optimizing the cost structure [42] Q&A Session Summary Question: What is the company's strategy to lower acquisition costs and leverage the growing membership base? - The company is focusing on customer segmentation and personalized marketing to lower customer acquisition costs, leveraging the growing registered member base for deeper engagement and monetization [19][20] Question: How much is insurance revenue expected to contribute for FY 2025? - While specific revenue guidance is not provided, insurance is expected to become a more meaningful driver in 2025, supported by new product offerings and enhanced customer experiences [22][23] 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 [27][28] Question: Which markets are expected to drive growth in 2025? - Singapore and Hong Kong are identified as mature markets for investment, while the Philippines and Taiwan present significant growth potential through enhanced conversion strategies and partnerships [30][32] Question: What impact has the reorganization had on cost structure and margins? - The restructuring has optimized the cost base, resulting in a significant reduction in employee-related expenses and improved adjusted EBITDA loss [41][42] Question: How are advertising and marketing expenses expected to change going forward? - Marketing expenses increased in 2024 due to targeted growth opportunities, but the company plans to maintain disciplined spending while optimizing campaigns for better ROI [45][47] Question: What are the plans for AI and automation? - The company is embedding AI into workflows to enhance operational efficiency, with initiatives in customer service and content creation already showing positive results [50][51] Question: How does the company plan to leverage the Nasdaq listing? - 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 [59][60]

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]