A year ago, CompareAsiaGroup had raised US$40M Series A led by Goldman Sachs, and is now on the verge of raising a large Series B funding
The appointment comes ahead of a large Series B round and will strengthen the group’s position as Asia’s leading comparison platform for personal financial services such as credit cards, loans, health and car insurance, as per an official statement. He will lead the company through its next stage of growth.
Allen was previously Director of leading global PE investment firm KKR where he spent nine years working with its portfolio companies across Asia, acting as an advisor, board member, and interim executive. Prior to this, he worked at McKinsey & Company and at AT&T Wireless.
Allen holds an MBA from the Graduate School of Business at Stanford, and graduated magna cum laude from the University of Pennsylvania.
Launched in 2014, CompareAsiaGroup is a lading financial comparison platform in Asia. The group helps people across Asia save money and make better choices about personal finance with free and independent online comparison tools for insurance, credit cards, personal loans and other financial products. It enables users to compare over 1,500 products of leading banks and insurance companies, including American Express, HSBC, Citibank, Standard Chartered and MSIG.
CompareAsiaGroup operates comparison sites in eight markets — Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam — covering over half a billion people. The company claims annually over 20 million users use its services.
Currently, the group employs 200 financial experts and technologists.
In April last year, CompareAsiaGroup had raised US$40 million Series A funding, led by Goldman Sachs. Jardine Pacific, Nova Founders Capital, ACE & Company, and Route 66 Ventures, alongside renowned Silicon Valley veterans Peter Thiel, Mark Pincus, Owen Van Natta, and Tom Stafford of DST, also had participated in the round.
The post Former KKR Director Sam Allen joins CompareAsiaGroup as its CEO appeared first on e27.
from e27 http://ift.tt/1Yetgzg