ValueChampion
| Type of business | Private |
|---|---|
| Founded | January 2019 |
| Headquarters | New York City, New York, United States |
| Founder(s) | Duckju Kang |
| Key people | Duckju Kang (CEO) |
| Industry | Financial technology, personal finance |
| Website | valuechampion valuechampion |
ValueChampion is a personal finance company based in New York, New York. Its central service is a website that provides analysis and comparison of consumer financial products in Asian and Southeast Asian markets.
The company is a rebranded entity of the ValuePenguin Asia division, which was excluded in the 2018 acquisition of its parent company's US operations.[1][2] As of 2021, ValueChampion serves more than 2.8 million annual users in Singapore, Hong Kong, South Korea, and India.[3]
History
After receiving a degree in Economics from Yale University, ValueChampion's founder and CEO Duckju Kang worked at hedge funds for four years, specifically Tiger Asia and Cadian Capital in New York. During this time, he met the founder of ValuePenguin, a US-based online service that matches users to different financial products by providing research and analysis. Kang was interested in replicating ValuePenguin's US-based business model in Asia, and thus he joined the company as the Head of the Asia division.[4]
With the addition of Kang to the team, ValuePenguin Singapore launched in August 2016.
In 2018, fin-tech company LendingTree, Inc. made plans to acquire the parent company of ValuePenguin for $105 million.[5] LendingTree and ValueHolding Inc. entered a definitive agreement for the acquisition of ValuePenguin's US-operations in December 2018, thus excluding the business of Value Asia.[6][7] Subsequently, Kang refashioned ValuePenguin Singapore into a new entity called ValueChampion, under the legal entity Value Asia LLC.[8]
Products and Services
ValueChampion provides financial guides, comparative analysis, and reviews of consumer products like loans, insurance, credit cards, investments, SME finance, and savings deposits. By helping to acquire customers for financial institutions that they work with, the company earns a fee for every referral.[9] Additionally, ValueChampion conducts case studies and blog articles backed by quantitative research, which are sometimes featured in local news and government sources of Asian and Southeast Asian countries. For instance, such websites in the Philippines have cited ValueChampion for research on climate change[10][11], robo-advisors and financialization of lay investors.[12]
The fin-tech company's goal is to empower consumers in Asia to make better financial decisions. As of 2021, the company's website serves more than 2.8 million users in Singapore, Hong Kong, Korea and India.[13]
Partnerships
By 2021, ValueChampion developed business relationships with banks, insurers and financial institutions in Asia, including:
- Aviva
- Budget Direct
- Carrot Insurance
- Citibank
- DB P&C Insurance
- DBS Bank
- Funding Societies
- FWD Insurance
- HSBC
- KB Card
- OCBC Bank
- PolicyPal
- Prudential
- Shinhan Card
- Standard Chartered
- Saxo Bank
- Tiger Brokers
References
- ↑ "ValuePenguin SG is now ValueChampion | Singapore Family Online". 3 October 2020. Retrieved 2021-02-19.
- ↑ Inc, LendingTree. "LendingTree, Inc. to Acquire ValuePenguin". www.prnewswire.com. Retrieved 2021-02-19.
- ↑ "ValueChampion Singapore". ValueChampion Singapore. Retrieved 2021-02-19.
- ↑ Kang, Duckju. "Linkedin Profile". Unknown parameter
|url-status=ignored (help) - ↑ Cope, Cassie (December 24, 2018). "After planning for hundreds more Charlotte jobs, here's the next big lending tree move". Unknown parameter
|url-status=ignored (help) - ↑ Research, Zacks Investment. "LendingTree (TREE) to Acquire ValuePenguin.com for $105M". Zacks Investment Research. Retrieved 2021-02-19.
- ↑ "Exhibit". www.sec.gov. Retrieved 2021-02-19.
- ↑ "Informational Message". appext20.dos.ny.gov. Retrieved 2021-02-19.
- ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2021-02-19.
- ↑ "CLIMATE CHANGE | Philippines urge policy makers to save earth from climate crisis, not just from pandemic". October 23, 2020. Unknown parameter
|url-status=ignored (help) - ↑ "Department of Environment and Natural Resources Foreign-Assisted and Special Projects Service eLibrary" (PDF). Unknown parameter
|url-status=ignored (help) - ↑ Tan, Gordon Kuo Siong (December 2020). "Robo-advisors and the financialization of lay investors". Geoforum; Journal of Physical, Human, and Regional Geosciences. 117: 46–60. doi:10.1016/j.geoforum.2020.09.004. ISSN 0016-7185. PMC 7508018 Check
|pmc=value (help). PMID 32981950 Check|pmid=value (help). - ↑ "ValueChampion Singapore". ValueChampion Singapore. Retrieved 2021-02-19.
This article "ValueChampion" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:ValueChampion. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
