MoneyHero Limited announced a strategic partnership with InsureMO, a leading API‑driven insurance technology platform, to broaden its digital insurance product lineup in the Philippines through its Moneymax brand. The collaboration will allow insurers to launch new products faster and connect directly with MoneyHero’s distribution channels, accelerating access to general insurance for Filipino consumers.
InsureMO’s platform provides a modular, cloud‑based architecture that enables insurers to design, price, and deploy policies in real time. By integrating the platform into MoneyHero’s ecosystem, the company can offer a wider range of motor, home, and personal accident products while maintaining high underwriting standards and automated claims workflows. The partnership also includes joint go‑to‑market initiatives, such as co‑branded digital campaigns and shared data analytics to optimize pricing and risk selection.
The Philippines has one of the lowest insurance penetration rates in Asia, with coverage at roughly 1.8% of GDP, and only about one in three vehicles carry comprehensive motor insurance. Despite the low baseline, the market is projected to grow at a compound annual rate of 12% over the next five years, driven by rising disposable income and increasing regulatory support for digital distribution. MoneyHero’s entry into this market positions it to capture a significant share of the untapped demand while leveraging its existing technology stack and local brand presence.
The partnership aligns with MoneyHero’s broader strategy to shift focus from volume‑driven credit card offerings to higher‑margin insurance and wealth‑management services. In Q2 2025, the company reported revenue of $18.0 million, down 13% YoY, but achieved a net income of $0.2 million, a turnaround from a $12.2 million loss in Q2 2024. The insurance and wealth segments contributed 27% of revenue, up from 22% YoY, underscoring the success of the strategic pivot. MoneyHero’s guidance for 2025 remains $100 million in revenue and positive adjusted EBITDA in the second half, with the Philippine partnership expected to accelerate the attainment of these targets.
Shravan Thakur, Chief Commercial Officer, said the partnership is “an important step in scaling our high‑margin insurance vertical in the Philippines, replicating proven approaches from other Asian markets.” Rajat Sharma, Chief Revenue Officer of InsureMO, added that “the Philippines is a priority market where digital distribution can directly improve insurance access, and by working with MoneyHero we are enabling insurers to reach customers faster and give households a simpler way to find and buy coverage.”
The collaboration also builds on MoneyHero’s existing relationships with key insurers in the Philippines, including Malayan, StrongHold, FPG, and SGI. By integrating InsureMO’s API modules, these insurers can quickly add new product lines to the Moneymax platform, reducing time‑to‑market from months to weeks. The partnership is expected to deepen MoneyHero’s insurance ecosystem, enhance customer acquisition through data‑driven underwriting, and improve profitability by leveraging higher‑margin product mixes in a high‑growth market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.