Bymuratdeniz | E+ | Getty ImagesAsian fintech firm MoneyHero on Friday fell on its first day of trading on the Nasdaq, following the completion of its merger with special purpose acquisition company Bridgetown Holdings .
The deal with Bridgetown valued MoneyHero at approximately $310 million, according to an announcement on Thursday.
Across five markets, MoneyHero operates personal finance websites Singsaver and Seedly in Singapore, Moneymax in The Philippines, MoneyHero in Hong Kong, Money101 in Taiwan and CompareHero in Malaysia.
MoneyHero Group has yet to become profitable.
In November, MoneyHero Group, or Hyphen Group before the rebranding, laid off employees and saw the departure of its CEO.
Persons:
MoneyHero, Peter Thiel's, Richard Li, Prashant Aggarwal, Aggarwal, Kroll
Organizations:
Getty, Nasdaq, Bridgetown Holdings, Thiel Capital, PayPal, Pacific Century Group, Bridgetown Holdings's, CNBC, The, MoneyHero, SEC, Visa, American Express
Locations:
Bridgetown, –, Hong Kong, U.S, Asia, Southeast Asia, MoneyHero, Singapore, Seedly, Moneymax, The Philippines, Money101, Taiwan, CompareHero, Malaysia, Thailand