MoneyHero's largest shareholder urges board to consider sale
The largest unaffiliated shareholder, Jonathan Honig, has urged the board of personal finance platform MoneyHero to explore a potential sale in an open letter.
Jonathan Honig, the largest unaffiliated shareholder in MoneyHero, has called on the company's board to consider a potential sale. Honig, who beneficially owns approximately 9% of MoneyHero's Class A ordinary shares, detailed his concerns in an open letter dated September 29.
The letter highlights the absence of a permanent chief executive since April 2026 and raises questions about the departure of former CEO Rohith Murthy. Honig stated that the company has not provided an explanation for Murthy's exit, who was appointed CEO in February 2024.
Financial performance was also a point of concern, with Honig noting a decline in annual revenue from $80.7 million in FY2023 to $73.4 million in FY2025. The company's shares have fallen over 88% from their October 2023 debut, recently trading at $0.675.
MoneyHero had previously received a notice from Nasdaq regarding its minimum bid price requirement but regained compliance in July 2025. Honig also observed that no director or executive officer appears to have purchased company shares on the open market, based on his review of SEC filings.