MME 2.96% $1.39 moneyme limited

Debt funding costs have reduced to 4.8 per cent

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    • 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
    Read the full article here on The Market Herald.
 
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