Bolttech Holdings Ltd. is in advanced talks to acquire MoneyHero Ltd., a Nasdaq-listed financial technology company, according to sources familiar with the matter. The potential deal would unite two fintech firms backed by billionaire Richard Li, creating a more comprehensive financial services platform. MoneyHero operates as an online financial comparison platform, helping consumers evaluate products like insurance and loans.

Richard Li, the Hong Kong tycoon and son of Asia's richest man Li Ka-shing, has been building a fintech empire through his investment vehicle Pacific Century Group. Bolttech specializes in digital insurance solutions and has expanded rapidly across Asia and beyond. The acquisition would strengthen Li's portfolio of financial technology companies and potentially create synergies between Bolttech's insurance technology and MoneyHero's comparison marketplace.

While deal terms remain undisclosed, the merger could accelerate both companies' growth in the competitive fintech sector. The combination would give the merged entity greater scale and market presence across multiple Asian markets. For MoneyHero, joining forces with Bolttech could provide resources for expansion and technological advancement.