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Asian Finance Startup Raises Capital From Alibaba, Goldman Funds

By Tony Seruga

Investors include IFC, Alibaba, Goldman Sachs Investment
Startup offers online comparisons for credit cards, loans

CompareAsiaGroup, an online personal finance marketplace backed by Goldman Sachs Investment Partners, has secured $50 million in new funding from investors led by the World Bank’s International Finance Corp.

Other backers in the series B round included Alibaba Entrepreneurs Fund, the Chinese e-commerce giant’s non-profit startup sponsorship outfit, SBI Group and H&Q Utrust, the company said in a statement. Existing investors including the Goldman fund, Nova Founders Capital, ACE & Co. and Route 66 Ventures also took part in the fundraising…

Asian Finance Startup Raises Capital From Alibaba, Goldman Funds

Categories : Finance

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