MoneySmart.sg bags S$14m in Series B funding led by Japan's Kakaku

MONEYSMART.SG, a homegrown finance portal that allows users to compare between loans, insurance plans and credit cards, has raised S$14 million in Series B funding.

The round is led by Kakaku.com Inc, a Japan-based online service provider with a service portfolio in multiple verticals including shopping, food, travel, lifestyle and real estate.

Vinod Nair, founder and chief executive officer of MoneySmart.sg, said: "Having an investor like Kakaku who has gone through and overcome the many challenges in the comparison space, is extremely valuable and . . . will be a guiding light for our future endeavours."

MoneySmart.sg in 2015 snagged S$2.8 million in Series A funding led by SPH Media Fund, the corporate venture capital arm of Singapore Press Holdings.