MoneyHero reduces net loss to $2.4m

They are also gearing up to launch Credit Hero Club with TransUnion.

MoneyHero, a finance aggregation and comparison platform, has reduced its net loss to $2.4m in Q1 2025 from $13.1m during the same quarter the previous year.

Cost of revenue was reportedly lowered by 20 basis points to 44% of total revenue, the fintech company said in a press release.

They achieved these by reallocating sources toward higher-margin verticals such as insurance and wealth, said MoneyHero chief executive officer Rohit Murthy.

“These verticals now account for 25% of total revenue, an increase of 11-points year-over-year,” Murthy said.

The company’s car insurance platform, launched in partnership with bolttech, is outperforming its expectations by driving higher conversion rates and recurring revenue.

MoneyHero now reportedly has a member base of over 8 million, a 38% growth year-on-year.

Murthy also said that they are “encouraged” to see growing signs of recovery in the Philippines, a key market for the platform.

“After a major banking partner exited last year, we recently secured new partnerships with BPI and RCBC, restoring product supply across key verticals,” Murthy said.

“We anticipate a meaningful rebound in our performance during the second half of 2025 as these partnerships scale,” he added.

MoneyHero has no debt and $36.6m in cash, Murthy said.

“Looking ahead, our priority throughout the remainder of the first half of 2025 will be to consolidate our recent operational gains,” he said.

In the second half of 2025, Murthy teased a “robust” pipeline of banking partnerships.

They will also be launching Credit Hero Club in collaboration with TransUnion.

Credit Hero Club will provide consumers with free credit scores, credit monitoring, and personalized financial product recommendations, thereby driving higher user engagement and conversion rates.