MoneySmart Group, a leading personal finance group in Southeast Asia, recently announced its rejection of an unsolicited offer from MoneyHero Group to acquire 100% of its shares. The board determined the offer was not credible or aligned with MoneySmart’s strategic objectives. CEO Vinod Nair emphasized the focus on innovation and growth to succeed in the long term, as evidenced by the company’s profitability and positive cash flow in 2023.
MoneySmart Group comprises two brands, MoneySmart and Bubblegum, offering a range of financial products, knowledge, and advice to empower consumers. MoneySmart simplifies the process of comparing banking, insurance, and investment products, while Bubblegum aims to revolutionize the digital insurance experience.
