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Jirnexu Pte. Ltd. acquires CompareHero from MoneyHero Group in strategic partnership

Jun 28, 2024over 1 year ago

Acquiring Company

Jirnexu Pte. Ltd

Acquired Company

CompareHero

Kuala LumpurKuala LumpurFinancial ServicesLendingFintechFinancial Services

Description

MoneyHero Group, the leading personal finance and digital insurance aggregation and comparison platform in Greater Southeast Asia, has announced a strategic partnership with Jirnexu Pte. Ltd. in the Malaysian market. As part of the agreement, CompareHero, the B2C brand of MoneyHero Group operating exclusively in Malaysia, will be acquired by Jirnexu Sdn. Bhd., operator of RinggitPlus, the largest operating B2C platform in the Malaysian market. MoneyHero will retain an equity stake in Jirnexu Pte. Ltd., enabling both companies to enhance their long-term strategy for the Malaysia market.

Company Information

Company

Jirnexu Pte. Ltd

Location

Kuala Lumpur, Kuala Lumpur, Malaysia

About

At Jirnexu, we build anytime anywhere customer acquisition and life-cycle management solutions. We're best known for being the folks behind Malaysia's number one financial services marketplace: RinggitPlus.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed