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CompareAsiaGroup gets RM215m from World Bank, Alibaba


KUALA LUMPUR: Goldman Sachs-backed CompareAsiaGroup, an online personal finance platform, and its Malaysian outfit, CompareHero.my, received a total of US$50mil (RM215mil) in new funding from investors.

The new funding was led by International Finance Corp (IBF), a unit of World Bank while the other investors were investors were Alibaba Entrepreneurs Fund, SBI Group and H&Q Utrust, as well as existing investors Goldman Sachs Investment Partners VC and Growth Equity, Nova Founders Capital, ACE & Company and Route 66 Ventures.

   

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