MoneySuperMarket to invest millions in product engineering as revenues hit £329.7m

Moneysupermarket.com Group PLC has announced plans to invest millions in its team on the back of growth in 2017.

The Chester-based price comparison business achieved a pre-tax profit of £96.1m in the year to December 31, up 5.3% against the £91.3m recorded in 2016.

Groupwide revenues rose 4% to £329.7m during the period.

MoneySuperMarket this morning (February 22) confirmed growth plans that will see it extend its price comparison offering and add new market growth with innovations that could further personalise its services.

To achieve this, the company will invest £5m to build its product engineering teams and focus on customer experience optimisation.

Doing so, it said, will make the price comparison process “even easier” for users.

MoneySuperMarket boss Mark Lewis commented: “In 2017, customers saved more through us than ever before – £2bn.

“And we’re not stopping there. We are committed to leading the way in price comparison to make saving with us easier, quicker and simpler.”

He added: “Our goal is to offer our customers ways to save that they didn’t know existed and to do so in a way that is as effortless as we can make it.”

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