iSelect takes control of iMoney, one of Southeast Asia’s top financial comparison sites

Judith Balea, writing for Tech in Asia;

ustralian Securities Exchange-listed iSelect has boosted its stake in Malaysia-based financial comparison service iMoney, giving it majority ownership of the company.

In a disclosure to the ASX, the company said it hiked its iMoney stake to 51.5 percent from 23.8 percent by buying US$4.15 million worth of shares from other shareholders. The purchase price equates to a value of “5.9 times iMoney’s FY17 revenue,” it said.