{"id":50691,"date":"2024-10-08T17:59:00","date_gmt":"2024-10-08T09:59:00","guid":{"rendered":"https:\/\/bolttech.io\/news\/moneyhero-enhances-car-insurance-vertical-via-strategic-partnership-with-bolttech\/"},"modified":"2024-10-08T17:59:00","modified_gmt":"2024-10-08T09:59:00","slug":"moneyhero-enhances-car-insurance-vertical-via-strategic-partnership-with-bolttech","status":"publish","type":"post","link":"https:\/\/bolttech.io\/pt-pt\/news\/moneyhero-enhances-car-insurance-vertical-via-strategic-partnership-with-bolttech\/","title":{"rendered":"MoneyHero Enhances Car Insurance Vertical via Strategic Partnership with bolttech"},"content":{"rendered":"\n

MoneyHero to leverage bolttech\u2019s cutting-edge insurance exchange technology to power the Company\u2019s new car insurance platform<\/em>New digital marketplace enhances MoneyHero\u2019s insurance brokerage and conversion expertise, offering a streamlined end-to-end consumer journey across Hong Kong, Singapore and the Philippines<\/em><\/p>\n\n\n\n

Singapore, October 8, 2024<\/strong> \u2013 MoneyHero Limited<\/a> (NASDAQ: MNY<\/a>) (\u201cMoneyHero\u201d or the \u201cCompany\u201d), a leading personal finance and digital insurance brokerage platform in Greater Southeast Asia, today announced the launch of its brand-new car insurance platform through a strategic partnership with bolttech<\/a>, a global leader in insurtech. This collaboration will transform MoneyHero\u2019s consumer experience for car insurance by integrating bolttech\u2019s cutting-edge insurance exchange technology into the MoneyHero platform. The enhanced marketplace is now live in Hong Kong, with rollouts planned for Singapore by Q4 2024 and the Philippines by the end of Q1 2025.<\/p>\n\n\n\n

Through this strategic partnership, MoneyHero is strengthening its position as a digital insurance leader in the region, combining its expertise in financial product comparison and conversion optimization with bolttech\u2019s innovative insurance capabilities. The new car insurance platform will empower consumers with better insights, broader options, and a more seamless purchase process, setting a new standard for the car insurance industry.<\/p>\n\n\n\n

Rohith Murthy, CEO of MoneyHero<\/strong>, said: \u201cThis launch marks a significant milestone for MoneyHero as we expand our car insurance offerings and enhance our capabilities as a leading digital insurance brokerage. By partnering with bolttech, we are not only elevating the user experience but also taking full ownership of the entire car insurance purchase journey\u2014from comparison to conversion\u2014within our ecosystem. This enhanced platform is aligned with our strategic pillars of brokerage excellence and conversion expertise, and it further underscores our commitment to making personal finance and insurance decisions easier for consumers across Greater Southeast Asia.<\/p>\n\n\n\n

With bolttech\u2019s expertise, we are offering an unmatched level of insight and simplicity that will reshape how consumers choose their car insurance. This partnership strengthens our position as a market leader, and together, we\u2019re setting the stage for the future of digital insurance.\u201d<\/p>\n\n\n\n

Enhanced Platform Benefits and Strategic Alignment<\/strong><\/p>\n\n\n\n

Leveraging bolttech\u2019s cutting-edge insurance exchange technology, MoneyHero\u2019s car insurance platform offers users a best-in-class experience, including comprehensive comparison tools, accurate pricing references, and a streamlined end-to-end user journey. These features will allow consumers to make more informed and confident decisions about their car insurance, all within a seamless, fully integrated platform.<\/p>\n\n\n\n

Philip Weiner, CEO \u2013 Asia & Middle East, bolttech<\/strong> said, \u201cWe are thrilled to partner with MoneyHero to create an enhanced customer experience for car insurance across Southeast Asia. By digitally integrating with our insurance exchange platform, we are empowering MoneyHero to offer a seamless and transparent user experience, giving customers greater control and clarity in their car insurance decisions. Together, we look forward to delivering more value-added services to MoneyHero\u2019s customers and driving further innovation in the insurtech space.\u201d<\/p>\n\n\n\n

bolttech, with over 230 insurers and 6,000 products on its platform globally, brings unmatched expertise and market access to this partnership, ensuring that MoneyHero\u2019s customers have access to a wide array of insurance options tailored to their needs.<\/p>\n\n\n\n

Revenue Growth and Strategic Expansion<\/strong><\/p>\n\n\n\n

MoneyHero\u2019s insurance vertical has been a key driver of growth, contributing 7% to total revenue in 2023 and has grown 89% year-over-over in Q2 2024, contributing to 11% of Group revenues in Q2 2024<\/a>. The launch of the new car insurance platform is expected to significantly accelerate this growth, as it capitalizes on the increasing demand for digital insurance solutions in Greater Southeast Asia.<\/p>\n\n\n\n

Mr. Murthy added: \u201cOur vertically integrated approach to brokerage, combined with this partnership, positions us to capture a larger share of the car insurance market. Insurance will continue to be a key contributor to our bottom line, driving new customer acquisition across our broader personal finance platform.\u201d<\/p>\n\n\n\n

For more information about MoneyHero, including information for investors and learning about career opportunities, please visit www.MoneyHeroGroup.com<\/a>.<\/p>\n\n\n\n

\n\n\n\n

About MoneyHero Group<\/strong>
MoneyHero Limited<\/a> (NASDAQ: MNY<\/a>) is a market leader in the online personal finance and digital insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia\u2019s largest operating B2C platform. MoneyHero currently manages 279 commercial partner relationships and services 8.1 million Monthly Unique Users across its platform for the six months ended June 30, 2024. The Company\u2019s backers include Peter Thiel\u2014co-founder of PayPal, Palantir Technologies, and the Founders Fund\u2014and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving Greater Southeast Asia\u2019s digital economy, please visit www.MoneyHeroGroup.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

MoneyHero to leverage bolttech\u2019s cutting-edge insurance exchange technology to power the Company\u2019s new car insurance platformNew digital marketplace enhances MoneyHero\u2019s insurance brokerage and conversion expertise, offering a streamlined end-to-end consumer journey across Hong Kong, Singapore and the Philippines Singapore, October 8, 2024 \u2013 MoneyHero Limited (NASDAQ: MNY) (\u201cMoneyHero\u201d or the \u201cCompany\u201d), a leading personal finance and digital insurance brokerage […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[205],"class_list":["post-50691","post","type-post","status-publish","format-standard","hentry","category-sem-categoria"],"acf":[],"_links":{"self":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/posts\/50691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/comments?post=50691"}],"version-history":[{"count":0,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/posts\/50691\/revisions"}],"wp:attachment":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/media?parent=50691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/categories?post=50691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}