Read the full article here on The Market Herald.
- Fintech stock MoneyMe (MME) has announced its debt funding costs have reduced to 4.8 per cent following a refinancing of its funding facilities
- The changes include adding the Australian Office of Financial Management (AOFM) $58 million mezzanine funding into the new Major Bank warehouse
- It also includes refinancing of the existing Velocity warehouse to bring MME's total funding capacity to $227 million
- The company has also expanded its customer base to target higher loan transactions and customers with lower personal loan pricing
- Additionally, MoneyMe revealed it had recorded its best month for originations since January this year
Debt funding costs have reduced to 4.8 per cent
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