Imoney.my

iMoney.my is a financial comparison website that caters primarily to the Malaysian market. It lets consumers find and compare various financial and consumer products like credit cards, mortgages, fixed deposit, broadband, and insurance policies. They also provide content around finances.[2] In September 2015, iMoney.my recorded 2.5 million unique views with a 170% increase of visitors on a year-to-year basis.[1]

iMoney.my
Private
IndustryFinance
Founded2012
FoundersBruno Araujo, Ching Wei Lee
Headquarters
Kuala Lumpur
,
Malaysia
Area served
Malaysia
Key people
Lee Ching Wei (CEO)[1]
Bruno Araujo (COO)[1]
Mitul Lakhani (CFO)[1]
ProductsCredit Cards, Home Loans, Personal Loans, Health Insurance, Car Insurance, Broadband
ServicesFinancial Services
Websitewww.imoney.my

History

2012

In June 2012, iMoney.my was established with investments from angel investors.[3]

2013

Exactly a year later, iMoney.my received USD 500,000 in seed funding from Asia Venture Group.[4] Later, they received a USD 140,000 (RM500,000) grant from Cradle Fund — an agency under the Malaysian Ministry of Finance,[5] and USD 2 million from a group of venture capital funds including Jungle Ventures and 500 Startups.[6] In November 2013, iMoney.my entered into a regional collaboration with financial literacy provider MoneyTree.[7]

2014

In June 2014, iMoney.my released a home loan calculator mobile application to help consumers apply for home loans directly from the app.[8] In October 2014, iMoney.my announced a USD 4 million investment from ASX listed entity iSelect Ltd.[9][10]

2015

In September 2015, iMoney's Co-Founder and Chief Revenue Officer (CRO) Bruno Araujo stepped up as Chief Operations Officer (COO). In addition to that, Mitul Lakhani was brought in as CFO and Amanda Woo took on the CMO post. Chris Antonius joined the team as Managing Director for iMoney’s Indonesian property Aturduit.[11]

2017

In 2017, iMoney launched iMoney CreditScore in Malaysia, to allow people to check their credit score online for free - one of the first companies to do so. This facility is powered by Experian (formerly known as RAM Credit Information), a credit bureau agency.

Locations

The company’s headquarters are in Kuala Lumpur, with operations in 2 other countries: Indonesia and The Philippines.[12]

References
  1. "Malaysia's iMoney makes major management shifts ahead of new round". Retrieved 16 October 2015.
  2. "About us - Our Vision - The Team Behind iMoney". iMoney.my.
  3. "Ching Wei Lee, co-founder of iMoney". AsianEntrepreneur.org. 23 September 2013.
  4. "iMoney gets US$500K seed funding, targets SEA expansion". www.digitalnewsasia.com. 6 June 2013.
  5. "Cradle offers iMoney with RM500,000 funding". The Sun (Malaysia). 26 June 2013.
  6. "Malaysia-Based iMoney Raises $2M Series A To Help Consumers Compare Financial Services". TechCrunch. 24 October 2013.
  7. "IMoney and MoneyTree enter collaboration". The Star (Malaysia). 11 November 2013.
  8. "iMoney releases Malaysia's first home loan calculator, with loan application feature". The Malaysian Insider. 25 September 2014. Archived from the original on 2 April 2015. Retrieved 11 March 2015.
  9. "Australia-listed iSelect invests RM13mil in Malaysia's iMoney Group". The Star (Malaysia). 25 September 2014.
  10. "iSelect Website".
  11. "iMoney makes major management shifts".
  12. "Malaysia's iMoney spreads tentacles across Asia". The Malaysian Insider. 23 July 2013. Archived from the original on 8 March 2015. Retrieved 11 March 2015.
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