MoneyHero revenue up 24% to $20.7m in Q2

Its revenue in Singapore rose by 68%.

MoneyHero reported a revenue of $20.7m for Q2, 24% year-on-year higher.

The finance and digital insurance aggregation platform credited the growth to a 68% revenue increase in Singapore.

MoneyHero said that it processed 970,000 banking and insurance applications in the first six months of 2024.

MoneyHero said that it still anticipated achieving adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) profitability on a monthly basis within Q4 2024.

“We are transitioning our focus from purely driving traffic growth to prioritizing monetizable traffic that leads to conversions and applications. This strategic shift has already resulted in a 50% increase in approved applications,” MoneyHero said.