Newsletter registration

By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Where Great Emphasis is Put on Research.

Goldman Sachs invests in Austrian startup

The Austrian startup "CompareAsiaGroup" attracted USD 40 million in investments from Goldman Sachs Investment Partners. One and a half years ago, CompareAsiaGroup founder Gerhard Eder successfully developed a comparison platform on the Internet for financial products when he was in Hong Kong. Together with a German and Danish investor, Gerald Eder set up the CompareAsiaGroup and launched platforms such as MoneyHero (Hong Kong), MoneyMax (Philippines), CompareHero (Malaysia) and Singsaver (Singapore). On these portals consumers can compare banks and insurance products of credit cards on the Internet and thus save time and money.

In the meantime, CompareAsiaGroup is the largest comparison platform for financial services in Asia, operating on eight markets covering more than half a billion people.  

“We have now secured an additional USD 40 million“, Eder said. Prominent institutions such as Goldman Sachs and the private equity company of the Swiss private bank Bank Syz took part in this financing round. “There were also several investors from Silicon Valley“, Eder added.  Zynga founder Marc Pincus was involved, as was Owen Van Natta, the former COO of Facebook and ex-CEO of MySpace.

“The Asian market presents a unique opportunity for the company. The financial industry is growing rapidly, but has remained relatively untouched by digitalization”, said Kenneth Eberts, Co-Head of Goldman Sachs Investment Partners. As the lead investor in this financing round, Goldman Sachs Investment Partners will join the Board of Directors of CompareAsiaGroup.

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • Meet us in Moscow

    23. - 26.04.2019, Moscow

  • Meet us @ Pioneers

    09. - 10.05.2019, Vienna

Austria Map

Find the perfect location for your company

Thanks to a fantastic mindset, our employees at the Villach site have built up a unique expertise which helps us to further strengthen our position on the global market. We fuse high-performance manufacturing with research and development in the field of power electronics. In addition to a very good cooperation with partners and networks, a well-developed landscape of 'talent factories' ranging from higher technical colleges to universities, we as a company also value the outstanding model of research promotion which exists in Austria.

Infineon

Logo Infineon
More testimonials

news from the business location Austria

Maximize profitability with Vertec

After establishing a subsidiary in Austria in the beginning of 2019, the Swiss software specialist Vertec now operates in the entire DACH region.

Blockchain Technologies: Austria’s Contribution in the Global Race

An international race focusing on the blockchain technology underlying cryptocurrency is currently taking place, not least due to the Bitcoin hype in 2017. Asia and in particular China are a step ahead at present, whereas the USA is somewhat behind. The blockchain industry is still in an embryonic state in large parts of Europe. Find out here why there is still hope and what role Austria is playing.

More news All blog posts