MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a
market leading personal finance aggregation and comparison platform
in Greater Southeast Asia, today announced the resignation of Shaun
Kraft, the Company’s Chief Financial Officer (“CFO”) and Chief
Operating Officer (“COO”), effective May 4, 2024. Following his
departure, Mr. Kraft will remain available to MoneyHero in an
advisory capacity to further support the transition of his role and
responsibilities.
“On behalf of everyone at MoneyHero, I want to
thank Shaun for his many contributions to the Company,” said
Prashant Aggarwal, Chief Executive Officer of MoneyHero. “During
his eight-plus years here, Shaun helped transform MoneyHero into a
dominant market leader, as well as a U.S. publicly traded company.
He has been a great teammate and leader to work alongside, and he
has built-up our finance, human resources, legal, corporate
development, and operations departments into world-class teams who
are well-prepared to support our next chapter of growth. Shaun will
forever be part of the MoneyHero family, and we wish him well in
his future endeavors.”
In connection with this development, the Company
and its Board of Directors has appointed Ivan Ho, Group Finance
Director of MoneyHero, to serve as its interim CFO throughout this
transitional period. Mr. Ho joined MoneyHero in 2019 and has worked
closely with Mr. Kraft to oversee the Company’s finance and
accounting operations. Prior to joining MoneyHero Group, Mr. Ho
served as Finance Controller with Nest Management Limited, and in
senior finance roles in various multinational corporations such as
Prada and Inditex. He holds a degree in Business Management from
the Chinese University of Hong Kong. Mr. Kraft’s COO
responsibilities will be assumed by Mr. Aggarwal and other senior
team members. MoneyHero will be announcing several additions to its
senior management team, including a permanent replacement for its
CFO position.
“It has been an honor to serve as an executive
with this incredible organization, which has grown from a
seed-stage startup into the go-to personal finance platform for
consumers across Greater Southeast Asia during my tenure with the
Company,” said Mr. Kraft. “I am confident that MoneyHero is
well-positioned for the future, and I look forward to its continued
success over the years to come.”
For more information about MoneyHero, including
information for investors and learning about career opportunities,
please visit www.MoneyHeroGroup.com.
About MoneyHero GroupMoneyHero
Group (Nasdaq: MNY), formerly known as Hyphen Group or CompareAsia
Group, is a market leader in the online personal finance
aggregation and comparison sector in Greater Southeast Asia. The
Company operates in Singapore, Hong Kong, Taiwan, the Philippines,
and Malaysia with respective brands for each local market.
MoneyHero currently manages 279 commercial partner relationships
and services 8.7 million Monthly Unique Users across its platform
for the 12 months ended December 31, 2023. To learn more about
MoneyHero and how the innovative fintech company is driving APAC’s
digital economy, please visit www.MoneyHeroGroup.com.
Forward Looking StatementsThis
document includes “forward-looking statements” within the meaning
of the United States federal securities laws and also contains
certain financial forecasts and projections. All statements other
than statements of historical fact contained in this communication,
including, but not limited to, statements as to the Company’s
growth strategies, future results of operations and financial
position, market size, industry trends and growth opportunities,
are forward-looking statements. Some of these forward-looking
statements can be identified by the use of forward-looking words,
including “outlook,” “believes,” “expects,” “potential,”
“continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,”
“intends,” “trends,” “plans,” “estimates,” “anticipates” or the
negative version of these words or other comparable words. All
forward-looking statements are based upon estimates and forecasts
and reflect the views, assumptions, expectations, and opinions of
the Company, which are all subject to change due to various factors
including, without limitation, changes in general economic
conditions. Any such estimates, assumptions, expectations,
forecasts, views or opinions, whether or not identified in this
communication, should be regarded as indicative, preliminary and
for illustrative purposes only and should not be relied upon as
being necessarily indicative of future results. The forward-looking
statements and financial forecasts and projections contained in
this communication are subject to a number of factors, risks and
uncertainties. Potential risks and uncertainties that could cause
the actual results to differ materially from those expressed or
implied by forward-looking statements include, but are not limited
to, changes in business, market, financial, political and legal
conditions; the Company’s ability to attract new and retain
existing customers in a cost effective manner; competitive
pressures in and any disruption to the industries in which the
Company and its subsidiaries (the “Group”) operate; the Group’s
ability to achieve profitability despite a history of losses; and
the Group’s ability to implement its growth strategies and manage
its growth; the Group’s ability to meet consumer expectations; the
success of the Group’s new product or service offerings; the
Group’s ability to attract traffic to its websites; the Group’s
internal controls; fluctuations in foreign currency exchange rates;
the Group’s ability to raise capital; media coverage of the Group;
the Group’s ability to obtain adequate insurance coverage; changes
in the regulatory environments (such as anti-trust laws, foreign
ownership restrictions and tax regimes) and general economic
conditions in the countries in which the Group operates; the
Group’s ability to attract and retain management and skilled
employees; the impact of the COVID-19 pandemic or any other
pandemic on the business of the Group; the success of the Group’s
strategic investments and acquisitions, changes in the Group’s
relationship with its current customers, suppliers and service
providers; disruptions to the Group’s information technology
systems and networks; the Group’s ability to grow and protect its
brand and the Group’s reputation; the Group’s ability to protect
its intellectual property; changes in regulation and other
contingencies; the Group’s ability to achieve tax efficiencies of
its corporate structure and intercompany arrangements; potential
and future litigation that the Group may be involved in; and
unanticipated losses, write-downs or write-offs, restructuring and
impairment or other charges, taxes or other liabilities that may be
incurred or required and technological advancements in the Group’s
industry. The foregoing list of factors is not exhaustive. You
should carefully consider the foregoing factors and the other risks
and uncertainties described in the “Risk Factors” section of the
Company’s registration statement on Form F-1, which was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on January 22, 2024, and other documents to be filed by the
Company from time to time with the SEC. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. In addition, there may be
additional risks that the Company currently does not know, or that
the Company currently believes are immaterial, that could also
cause actual results to differ from those contained in the
forward-looking statements. Forward-looking statements reflect the
Company’s expectations, plans, projections or forecasts of future
events and view. If any of the risks materialize or the Company’s
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements.
Forward-looking statements speak only as of the date they are made.
The Company anticipates that subsequent events and developments may
cause their assessments to change. However, while the Company may
elect to update these forward-looking statements at some point in
the future, the Company specifically disclaims any obligation to do
so, except as required by law. The inclusion of any statement in
this document does not constitute an admission by the Company or
any other person that the events or circumstances described in such
statement are material. These forward-looking statements should not
be relied upon as representing the Company’s assessments as of any
date subsequent to the date of this document. Accordingly, undue
reliance should not be placed upon the forward-looking statements.
In addition, the analyses of the Company contained herein are not,
and do not purport to be, appraisals of the securities, assets, or
business of the Company.
For investor and media inquiries, please
contact:
Investor Contact:MoneyHero IR
TeamIR@MoneyHeroGroup.com
Media Contact:Gaffney Bennett
PRMoneyHero@gbpr.com
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