Jirnexu Sdn Bhd, the parent company of RinggitPlus, has announced its acquisition of CompareHero, the Malaysian arm of MoneyHero Group.
Timeline: The deal closure is expected to be finalized in early July 2024.
About Jirnexu: Founded in 2012, Jirnexu provides full-stack fintech solutions, offering comprehensive customer acquisition and lifecycle management services to financial institutions and service providers.
Strategic Importance: This acquisition reinforces Jirnexu’s market leadership and extends its consumer reach with advanced technology, including a credit score-based recommendation engine.
MoneyHero Group's Role: MoneyHero will retain an equity stake in Jirnexu and shift its focus from operations to investment.
Consumer Benefits: Consumers can look forward to enhanced personalization, a simplified application process, and exclusive offers as a result of this acquisition.
This acquisition highlights Jirnexu’s dedication to boosting financial inclusion and innovation, aligning perfectly with their vision to become Malaysia’s leading fintech brand.