MONEYME

MONEYME's CFO David Wright discusses our 4Q24 results on ausbiz, highlighting our highest quarterly originations since FY22, the strategies driving lower credit losses, and our plans to expand the funding program in FY25. 🚀

MONEYME released its #4Q24 results this morning, finishing FY24 strongly with loan book growth and improved loan performance. ✅ Loan originations increased by 25% to $165m and the loan book grew by 6% to $1.22bn.  ✅ Gross revenue was strong at $54m and NIM at 10%. ✅ Net credit losses reduced to 4.5% as our loan book's credit quality continued to improve with secured assets now at 55%.  ✅ Enhanced funding efficiency, releasing cash for growth. ✅ Increased our Autopay offer to $150,000.  ✅ Launched our new mobile app. 🤳  ✅ Optimised our credit decisioning for volume, risk, pricing and yield. With plenty of capacity for profitable growth and business settings in place, we're ready to take on FY25. Swipe for more highlights. 👉 Read the full announcement: https://lnkd.in/g2Jpwjqn

MONEYME has executed a $178m ABS transaction - our first public transaction for the financial year and the first to be backed by both MONEYME and SocietyOne personal loans. The deal frees up capital to write new loans, supporting growth in FY25 and beyond! 🚀 We were also pleased to welcome new institutional investors into our funding program. MONEYME’s CEO Clayton Howes said, “It’s great to see our funding program deliver another successful ABS deal with strong engagement from debt capital markets.”

MONEYME is proud to announce a charity partnership with World Vision Australia. As a Certified B Corp, we are dedicated to using our business as a force for good, and World Vision’s work aligns perfectly with our values. They work tirelessly to help children around the world grow up healthy and safe, to slow climate change, and to support First Nations communities to lead their own development. To date, they have impacted the lives of over 200 million vulnerable children. As part of the partnership, MONEYME sponsors a child in Busakira, Uganda on behalf of every Australian employee. Employees who raise the most funds during various fundraising opportunities over the next year will also get an opportunity to visit the community in Busakira. It’s a different kind of charity partnership that goes beyond monetary support to foster real human connections, courtesy of our brilliant ESG team’s ability to think outside of the box. Special thanks to our ESG champions Alexander Graham and Noa Sela, World Vision Australia’s Monique Jaksic, and our CEO Clayton Howes for bringing this initiative to life.

Thanks to our people, we’ve received the Great Place To Work® Australia New Zealand Pty Ltd Certification for the second year in a row! This certification is earned solely on the feedback from employees, and we’re thrilled to have created a company culture that our team appreciates and thrives in. A big thank you to our incredible team for making MONEYME such a great place to work. Here's to another year of shared success and living our values: we challenge, we move fast, we have heart! #GreatPlaceToWork #MONEYME #Fintech #CompanyCulture

At MONEYME, we don’t just talk the talk on environmental and social responsibility, we walk the walk! We’re proudly #BCorp Certified with B Lab Australia and Aotearoa New Zealand, meeting the highest global standards of social and environmental impact. Here’s what some of our staff have to say about why being part of a B Corp is important to them. As one of the few ASX listed companies to be B Corp Certified, we hope to see many more big businesses and financial institutions join us in this movement and prioritise doing good. #bcorporation #bcorpcertified #esg #sustainability

Introducing the latest instalment in our #KickYourGoals campaign, in partnership with Seven Network for the 2024 #AFL Premiership Season. In this TVC, AFL legend Hodgey pays a visit to Travis and Patrick and helps Travis kick his goal of the ultimate 4WD! Thanks to the team at Seven Network, 7RED and Red Engine, and of course our in-house marketing and design team for bringing this campaign to life! James Falzon Benjamin Fletcher Samantha Power Chris Seeto Emilio Abbonizio Natalie Alder Rudge Hollis Stephen Watson Joshua Kind Madison Mullane Amanda Soliman Ben Jones Richard Bray Bryce Griffith Goya Torres (Gloria Torres) Cecilia Bonnevier Marvyn Mendoza Carlo Delos Santos Emmy Liggett David Orr Rachel Absalud Alexis Beaini

Introducing the new MONEYME app! In addition to a cleaner look, more intuitive user experience, and easier account management, we’ve also improved our free credit score tool. Download it from the App Store or Google Play today and let us know what you think - we’d love your feedback. Special shoutout to our Product, UX and Mobile teams for bringing it to life. 👏🚀

In 3Q24, MONEYME demonstrated steady progress as we focussed on elevating the credit quality of our loan book, optimising our funding program, and boosting our technology platform. ✅ Gross revenue remained strong at $53m from a steady-state loan book. ✅ The average credit score of our loan book is now at 751 and secured loans constitute 51% of the book. ✅ Credit losses down YoY and further investment in credit operations in 3Q24. ✅ Expanded funding capacities with improved terms. ✅ Several tech enhancements, including streamlined application processing for Autopay, faster loan settlement for personal loans, and updates to our in-house artificial intelligence application, AIDEN. ✅ New charity partnership with World Vision Australia to support vulnerable children and champion social impact initiatives. 🌱 🫶 Swipe for more highlights. 👉 Read yesterday's announcement: https://lnkd.in/gru9nMjz

What do the VFL Northern Bullants Football Club and MONEYME have in common? We’re both quick on our feet. We’re both in the business of kicking goals. And, now, MONEYME is a proud sponsor of the Northern Bullants! 🏉 You can catch the Northern Bullants on the field this Saturday when they take on Port Melbourne at the Bullants home ground, Genia Steel Oval.