CompareAsiaGroup Raises Capital From Alibaba, Goldman Funds
- Investors include IFC, Alibaba, Goldman Sachs Investment
- Startup offers online comparisons for credit cards, loans
How CompareAsiaGroup Helps Customers Make Better Choices
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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.