Nova Founders Capital-backed CompareAsiaGroup, a leading online financial marketplace in this region, is set to land a $25-million equity infusion from the International Finance Corporation (IFC) as the World Bank Group’s private venture lending arm looks to bridge the gap in financial services.
Founded in July 2013, CompareAsiaGroup operates in seven markets, including Hong Kong, Singapore, Taiwan, Thailand, Philippines, Indonesia and Malaysia. The Hong Kong-based firm will soon launch its Vietnam-based service at MoneyHero.com.vn.
