Li’s Bolttech Is Said in Talks to Buy Thiel-Backed MoneyHero (2)

Bolttech Holdings Ltd. is in talks to buy Nasdaq-listed MoneyHero Ltd., people familiar with the matter said, a move that would combine two financial technology firms backed by billionaire Richard Li.

Closely held Bolttech is doing due diligence and valuation work for a potential takeover of MoneyHero, the people said, asking not to be identified because the information is private. Considerations are ongoing and there’s no guarantee they’ll lead to a binding agreement, the people said.

Bolttech last year raised $147 million in a Series C round from investors including Japanese trading house Sumitomo Corp. and Portuguese private ...