MoneyMe Limited
MME.AX
Australian Securities Exchange0.08
AUD
+0.00
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MoneyMe Limited
MME.AX
(Australian Securities Exchange)
Recent
price
0.08
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- MoneyMe Limited operates as a digital consumer finance company in Australia, specializing in providing fast, flexible, and competitively priced credit products. Its core offerings include personal loans ranging from $5,000 to $50,000; secured car loans; digital credit cards such as the Freestyle Virtual Credit Card with credit limits up to $5,000; cash loans; short-term and quick loans; refinancing solutions; and debt consolidation services. The company leverages its proprietary technology platform, Horizon, to deliver smart, seamless, and efficient lending experiences primarily targeting customers with above-average credit profiles. MoneyMe also provides financial wellness tools along with its credit products. Founded in 2013 and headquartered in Sydney, MoneyMe operates mainly within the Australian market as a non-bank challenger in consumer lending. In recent major developments, MoneyMe settled a $125 million corporate funding facility with iPartners Nominees Pty Ltd in December 2024, refinancing its previous debt. It also executed a $178 million term securitisation trust in mid-2024. The company has enhanced its operational efficiencies with continued deployment of its proprietary real-time credit decisioning technology, aiming to deliver near-instant loan settlements. Additionally, MoneyMe reinforced its corporate governance with changes in its board structure, including the departure of a director in mid-2024. The company maintains its position as an innovator in digital consumer finance, further solidified by its B Corp certification received in August 2023, emphasizing its commitment to sustainable and responsible lending practices. MoneyMe Limited’s product portfolio and recent strategic initiatives underscore its focus on technology-driven, streamlined consumer credit solutions within the Australian finance sector. Its offerings are designed to serve diverse consumer needs, ranging from everyday spending to larger ticket financing such as automobile purchases, supported by enhanced funding arrangements and smart lending infrastructure. The company continues to evolve with strategic funding and governance updates to maintain competitive positioning in the digital lending landscape.