KUALA LUMPUR: Consumer friendly portals SaveMoney.my and RinggitPlus.com are confident of reaping US$1 million (RM3.34 million) in revenue by the end of this year, following a synergistic tie-up since March this year.
SaveMoney.my is an online portal dedicated to consumers to find the best deals in credit cards, car loans, phone, travel and shopping. The portal also explains to consumers the calculation of taxes such as Goods and Services Tax and Real Property Gains Tax.
“I started SaveMoney.my with my cousin Lucas in 2012 to help consumers get salient information on how to best manage their personal finances. Today, this portal has a reach of 500,000 a month,” said Saving Plus Sdn Bhd chief executive officer Liew Ooi Hann, who is also founder of the portal.
RinggitPlus.com is another online portal for consumers to compare and straight away apply for their most suited credit cards, home loans, car loans, investments and insurance schemes.
“We’re in the business of delivering the benefits of banking without the burden,” said founder Siew Yuen Tuck, who is also executive director for business development.
Liew and Siew decided to merge SaveMoney.my and RinggitPlus.com about eight months ago because they wanted to help Malaysians through the entire process of researching and applying for the financial products.
“We want to make sure people who applied on RinggitPlus.com made an informed decision after gaining insight from SaveMoney.my,” said Liew.
To date, Save.Money.my and RinggitPlus.com and their affiliate websites are present in Malaysia and Indonesia.
Liew said the company has no specific expansion plans for now but will announce capital injection from strategic investors in a couple of months.