MoneySmart plans 2020 IPO, acquisition also on the cards

Singapore

ENTREPRENEUR Vinod Nair has a bold vision: to disrupt the financial advisory industry with MoneySmart, the personal finance portal he founded in 2009 to help consumers compare loans, credit cards and insurance.

He could be one step closer. He recently told The Business Times that the nine-year-old startup is poised for an exit, a move that will offer it more ammo to create a better product. It has set its sights on an initial public offering (IPO) in 2020, although an acquisition is also on the cards.