CompareAsiaGroup finds the right investors to raise $50m

Jul 11, 2017 • Robert Lavine

Alibaba and SBI Group have come on board as investors, in a series B round that boosted the Southeast Asian financial comparison platform's total funding to about $95m.

China-based financial comparison platform CompareAsiaGroup has completed a $50m series B round featuring e-commerce firm Alibaba and financial services provider SBI Group, TechCrunch reported yesterday.

The round was led by International Finance Corporation, the private investment arm of the World Bank, and included Goldman Sachs Investment Partners, a subsidiary of investment bank Goldman Sachs, H&Q Utrust, Nova Founders Capital, Ace & Company and Route 66 Ventures.

CompareAsiaGroup operates an online marketplace that compares financial, telecom and insurance plans, using artificial…

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