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Tycoon Richard Li’s Bolttech Is Said in Talks to Buy MoneyHero
Manuel Baigorri, Elffie Chew
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⚡ Quantum Brief
Billionaire Richard Li’s Bolttech Holdings is in advanced talks to acquire Nasdaq-listed fintech firm MoneyHero, according to sources familiar with the deal. The potential merger would unite two of Li’s key financial technology investments under one entity.
The acquisition would expand Bolttech’s digital insurance and financial services footprint by integrating MoneyHero’s consumer finance comparison platform, which operates across Asia. Both firms specialize in tech-driven financial solutions but serve complementary markets.
Negotiations remain confidential, with no official terms or valuation disclosed. The deal, if finalized, would mark Bolttech’s first major public acquisition since its 2021 launch as a standalone business under Li’s Pacific Century Group.
MoneyHero, listed on Nasdaq in 2022 via a SPAC merger, has faced market volatility but retains a strong regional presence in Hong Kong, Singapore, and Taiwan. Bolttech’s interest signals confidence in consolidating Asian fintech assets.
The move aligns with Li’s strategy of scaling tech-driven financial services, leveraging Bolttech’s $1.6 billion 2021 valuation to accelerate growth through acquisitions rather than organic expansion. Regulatory approvals would be required for completion.
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Source: Bloomberg
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