MoneyHero Reports US$15.8 Mln Q2 Revenue

KUALA LUMPUR, Sept 14 (Bernama) -- MoneyHero Limited (MoneyHero), a technology- and artificial intelligence (AI)-powered personal finance aggregation and comparison platform, reported revenue of US$15.8 million in the second quarter (Q2) of 2026, down 13 per cent year-over-year (YoY). (US$1=RM4.06)

The company posted a net loss of US$1.2 million for Q2, compared with a net profit of US$0.2 million a year earlier, mainly due to foreign exchange (FX) differences, which swung from a US$3.0 million gain to a US$0.1 million loss.

In a statement, the company said adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss narrowed 17 per cent YoY to US$1.6 million.

MoneyHero said total transaction value remained flat YoY at US$20.9 million in Q2, while cash rewards provided to platform users increased by 77 per cent YoY to US$5.1 million. The increase in cash rewards formed part of its strategy to attract higher-intent customers, with Hong Kong and Singapore remaining its core markets.

Revenue from higher-margin Wealth and Insurance products rose to US$4.7 million in Q2, accounting for 30 per cent of total revenue, compared with 27 per cent in the same quarter last year. Revenue from Credit Cards declined 18 per cent YoY to US$8.9 million.

Cost of revenue fell 17 per cent YoY to US$7.6 million in Q2, accounting for 48 per cent of revenue, while combined cost of revenue, advertising and marketing, technology, employee benefit, and general administrative and other operating expenses declined 12 per cent to US$18.2 million.

Technology costs fell 50 per cent YoY to US$0.5 million, which MoneyHero attributed to continued platform consolidation and artificial intelligence (AI)-driven automation of engineering and operational workflows.

During Q2, MoneyHero advanced several partner-led initiatives and broadened its product offerings. In Singapore, it secured exclusive partnerships with two of the country’s largest retail banks, while in Taiwan it launched a KOL pilot with a local bank to test a more targeted, partner-led customer acquisition model. In Hong Kong, it is broadening its online life insurance offering to include critical illness coverage.

MoneyHero ended the quarter with a healthy, debt-free balance sheet, with US$28.2 million in cash and cash equivalents and US$32.6 million in net current assets as at June 30. Its MoneyHero Group Members base also grew 17 per cent YoY to 10.1 million.

Looking ahead, MoneyHero said it remains focused on converting structural efficiency gains into full-year adjusted EBITDA improvement while advancing product expansion, AI initiatives and other strategic growth programmes.

-- BERNAMA