MoneySmart.sg raises S$2.8m in Series A funding
Investors include SPH Media Fund, OPT SEA and Golden Gate Ventures in Singapore and Indonesia's Convergence Ventures
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MONEYSMART.SG, a homegrown personal finance portal, has raised S$2.8 million in a Series A round led by SPH Media Fund, and joined by Indonesia's Convergence Ventures, Singapore's OPT SEA and Golden Gate Ventures, as well as notable corporate chiefs and entrepreneurs such as Zopim's Royston Tay and Kwok Yang Bin; SingCapital's Alfred Chia; Propnex's Mohamed Ismail Gafoor and Alan Lim; and Homeaway's Dan Lynn.
Founder and chief executive officer Vinod Nair told a media briefing on Tuesday: "MoneySmart.sg's immediate plans are to grow our team of developers and content writers, and to amplify our brand and expand into one new market in Asia. We're thinking the Philippines, Thailand or Hong Kong, by mid 2016."
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