Vice President and Head of Banking Products
Over the past few years price comparison websites have been popping up everywhere to help consumers find the best deals on travel, accommodations and more. Now fans of these websites have another option: MoneyHero.com.hk, a price comparison website for financial products.
HKUST alumnus Lawrence Chau is one of the founding members of MoneyHero.com.hk. He started out working at one of the big consulting firms, then as a trader, but felt that he could make a bigger impact working with a start-up. In 2014 he took a leap of faith and joined MoneyHero.com.hk, which was in the process of getting set up in Hong Kong. The first few months were a challenge, Lawrence admits, as it was very difficult to find banks and insurance companies willing to partner with the new start-up.
However the company soon picked up momentum: in less than a year, MoneyHero.com.hk had already attracted investment from venture capital of USD $40 million, and both the company's web traffic and staff team grew exponentially in 2015. Today, MoneyHero.com.hk is the largest financial product comparison platform in Hong Kong, and the largest in terms of size in Asia. It operates as part of the Compare Asia Group which comprises over 200 staff across eight cities.