MoneyHero Cuts Net Loss to $2.4M, Grows Member Base 38%

MoneyHero Limited reported a significant reduction in its net loss to $2.4 million in Q1 2025 from $13.1 million a year earlier, driven by lower costs and strategic shifts toward higher-margin verticals such as insurance and wealth, which now constitute 25% of total revenue. The company lowered its cost of revenue to 44% of total revenue, a 20 percentage point decrease, and achieved a 26% reduction in operating expenses through operational efficiencies and AI integration. MoneyHero expanded its member base by 38% year-over-year to over 8 million users and secured new banking partnerships in the Philippines with BPI and RCBC, restoring product supply and positioning for a performance rebound in the second half of 2025. Its car insurance platform, launched in partnership with bolttech, is exceeding expectations by driving higher conversion rates and recurring revenue. The company is debt-free with $36.6 million in cash and plans to launch Credit Hero Club with TransUnion, offering free credit scores and personalized financial product recommendations to increase user engagement. Looking ahead, MoneyHero aims to consolidate gains in the first half of 2025 and accelerate growth through a robust pipeline of banking partnerships and continued focus on profitable verticals.