MoneyHero Group, a prominent personal finance platform in Greater Southeast Asia, has reported a significant reduction in its financial losses for the first quarter of 2025. The company’s adjusted EBITDA loss improved by 49% year-on-year to $33m, whilst net loss decreased to $24m from $131m in the same period last year. This progress is attributed to a strategic pivot towards high-margin verticals such as insurance and wealth, which now constitute 25% of total revenue, an increase of 11 percentage points year-on-year.
The company’s CEO, Rohith Murthy, highlighted the success of their car insurance platform, launched in partnership with bolttech, which has exceeded expectations by enhancing conversion rates and generating recurring revenue. Murthy stated, “Our strategy is delivering. By reallocating resources towards higher-margin verticals, we are steering the business towards sustainable, profitable growth.”
Operational efficiency has also been a key focus, with the company leveraging artificial intelligence to maintain a lean cost structure. This has resulted in a 26% reduction in total operating expenses year-on-year. The member base has expanded by 38% to over 8 million, enabling more personalised marketing efforts and a 25% reduction in marketing costs.
In the Philippines, MoneyHero has secured new partnerships with BPI and RCBC, strengthening its market position after a major banking partner exited last year. Looking forward, the company plans to launch the Credit Hero Club in collaboration with TransUnion, offering free credit scores and personalised financial recommendations to boost user engagement.
Interim CFO Danny Leung noted the improved revenue mix, with personal loans, insurance, and wealth products increasing their share of total revenue. Despite a 35% year-on-year revenue decline, the focus on high-margin products has improved gross margins and reduced reliance on lower-margin credit cards.
With $366m in cash and no debt, MoneyHero is well-positioned to invest in growth initiatives and aims to achieve positive adjusted EBITDA later in the year.
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