Fresh from posting its first profitable quarter, MoneyHero Limited (NASDAQ: MNY) has announced the appointment of Danny Leung as Chief Financial Officer, signaling the company’s confidence in sustaining its momentum toward long-term profitability across Southeast Asia.
Leung officially assumed the CFO role on October 1, 2025, after serving as interim CFO since December 2024. His promotion follows a period of strong financial performance for the Nasdaq-listed personal finance platform, which recently reported its first-ever quarterly net profit and steady sequential revenue growth in the first half of the year.
“We are delighted to promote Danny Leung to CFO,” said Rohith Murthy, Chief Executive Officer of MoneyHero. “During his tenure as interim CFO, he has shown exceptional leadership and played a critical role in driving MoneyHero’s pivot towards sustainable profitable growth by improving revenue quality, expanding gross margins, and tightening operating discipline.”
Rohith Murthy, Chief Executive Officer of MoneyHero
“As we remain on track to achieving our Adjusted EBITDA profitability target by the end of 2025, we are confident in Danny’s ability to further optimize our operations, strengthen financial discipline, and drive strong sequential revenue growth as we continue our path to profitability,” he added.
Leung, for his part, expressed his appreciation for the team’s collective effort and optimism about the company’s future, saying, “I am honored to officially step into the role of permanent CFO for MoneyHero Group. The remarkable progress we’ve achieved over the past year stands is a direct testament to the collective dedication, innovative spirit, and hard work of the entire MoneyHero team. I look forward to continuing our commitment to financial discipline as we grow our business, particularly as we expand our partnership ecosystem and improve revenue mix.”
Turning the corner: From losses to profitability
MoneyHero’s second-quarter performance reflected a major milestone in its turnaround story. The Singapore-based company reported a net income of US$0.2 million in Q2 2025, reversing a US$12.2 million net loss from the same period last year. The improvement was driven by a leaner cost structure, smarter use of artificial intelligence (AI), and stronger performance in its higher-margin insurance and wealth management segments, which together accounted for 27% of overall revenue.
Murthy said the results highlight the company’s focus on durable growth. “We set out to reshape MoneyHero for durable, profitable growth, and our Q2 results reflect the significant progress we have made. An optimized revenue mix, improving margins, and disciplined operations serve as the compounding levers driving us forward in the right direction,” he noted.
Philippines: A strong growth market
The Philippines continues to be a bright spot for MoneyHero, operating under its local brand Moneymax. The country contributed nearly 10% of group revenue in Q2, generating US$1.7 million, even as the company deliberately pulled back from lower-margin credit card products.
Group membership across MoneyHero’s platforms rose 33% year-on-year to 8.6 million users, with the Philippines accounting for the largest share — 5.9 million members (68% of group total) and 1.3 million Monthly Unique Users, underscoring strong consumer adoption and engagement.
Leung earlier highlighted how this shift aligns with regional trends: “Revenue quality is improving as we expand higher-margin segments like insurance and wealth. In markets such as the Philippines, this aligns perfectly with demand for affordable coverage and growing interest in investments.”
This growth mirrors broader fintech adoption in the Philippines, where about 60% of adults now use digital financial services, according to the Bangko Sentral ng Pilipinas (BSP). Moneymax has become a go-to platform for Filipinos comparing car insurance, loans, and credit cards, while expanding into digital-first insurance products that emphasize transparency and convenience.
AI, partnerships, and the road ahead
According to the company’s press release, a key driver of MoneyHero’s success has been the integration of AI tools across its platforms — optimizing customer acquisition costs, improving approval quality, and streamlining user experiences. The company now works with over 270 commercial partners across the region, including banks, insurers, and lending firms.
While group revenue dipped to US$18 million in Q2, down 13% year-on-year, the company’s profitability and strong engagement metrics point to a healthier, more sustainable business model. Murthy said MoneyHero will continue scaling its higher-margin Insurance and Wealth verticals, which are expected to comprise about 30% of group revenue by the end of the year.
“In an age of digital acceleration, our role is to give consumers confidence in their financial decisions — and that can change lives,” Murthy said. “Looking ahead, we will continue to strategically invest in our business — balancing disciplined cost management with targeted investments in product innovation, AI capabilities, and long-term growth opportunities.”
With AI-powered efficiency, a growing partner ecosystem, and a newly appointed CFO at the financial helm, MoneyHero is entering its next chapter with renewed focus — not just as a fintech aggregator, but as a driver of financial inclusion across one of Asia’s fastest-growing digital economies.
