MoneyHero Group, a prominent personal finance and digital insurance brokerage platform in Greater Southeast Asia, has announced its return to compliance with Nasdaq’s minimum bid price requirement. The company received a formal notice from Nasdaq on 17 July, confirming that its ordinary shares have maintained a closing bid price of at least $1.00 for 10 consecutive business days, from 2 July to 16 July. This marks a significant recovery after MoneyHero was previously notified on 7 April that it had fallen below the required threshold.
The compliance notice effectively closes the matter, allowing MoneyHero to continue its operations on the Nasdaq Stock Market without the risk of delisting. This development is crucial for the company, which operates across Singapore, Hong Kong, Taiwan, and the Philippines, and boasts a diverse brand portfolio including MoneyHero, SingSaver, Money101, Moneymax, and Seedly.
MoneyHero’s platform attracted approximately 5.7 million monthly unique users in the first quarter of 2025, supported by over 260 commercial partnerships. The company’s backers include notable figures such as Peter Thiel, co-founder of PayPal, and Richard Li, founder of Pacific Century Group.
This compliance milestone underscores MoneyHero’s resilience and strategic positioning in the competitive fintech landscape of the Asia-Pacific region. As the company continues to expand its influence, maintaining its Nasdaq listing is pivotal for its growth and investor confidence.
“`
