SINGAPORE - Strategic partnership accelerates CompareAsiaGroup's delivery of customer solutions by leveraging Experian's technology, further enhancing its standing as one of Asia's leading personal finance platforms.
Experian, one of the largest credit reporting bureaus in the United States, announced today that it has invested in CompareAsiaGroup, the financial services marketplace. Experian led the initial closing of a $20 million B1 round.
CompareAsiaGroup, which runs online financial marketplaces in seven Asian countries, has closed a $50 million Series B. The round was led by the International Finance Corporation (IFC), a member of the World Bank Group, and includes capital from new investors Alibaba Entrepreneurs Fund, SBI Group and H&Q Utrust.
HONG KONG (Reuters) - Hong Kong-based startup CompareAsiaGroup has secured $50 million in funding from investors led by the World Bank's commercial lending arm, as the personal finance management platform looks to develop its technology and launch more products.
