MoneyHero Limited announced on October 8, 2024, the launch of its brand-new car insurance platform through a strategic partnership with bolttech, a global leader in insurtech. This collaboration integrates bolttech’s cutting-edge insurance exchange technology into the MoneyHero platform.
The enhanced marketplace is now live in Hong Kong, with planned rollouts for Singapore by Q4 2024 and the Philippines by the end of Q1 2025. This initiative aims to transform the consumer experience for car insurance by offering comprehensive comparison tools, accurate pricing, and a streamlined end-to-end user journey.
This partnership strengthens MoneyHero’s position as a digital insurance leader, combining its expertise in financial product comparison with bolttech’s innovative capabilities. The insurance vertical has been a key driver of growth, contributing 7% to total revenue in 2023 and growing 89% year-over-year in Q2 2024, contributing 11% of Group revenues in Q2 2024. The new platform is expected to significantly accelerate this growth.
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