MME 2.26% $1.52 moneyme limited

MoneyMe (ASX:MME) grows loan book in Q1 FY21

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    • Things are looking up for MoneyMe (MME), which recorded strong lending growth over FY21’s first quarter
    • The lender saw its loans rise sharply in September, resulting in a 30 per cent increase on the previous month’s originations
    • More broadly, the financial stock’s loans grew by 39 per cent compared to FY20’s final quarter
    • MME also posted a record $12 million in revenue in FY21’s opening quarter — an 18 per cent increase on the previous corresponding period (PCP)
    • The business has also increased its credit limit to $20,000, thanks to a new $167 million warehouse funding facility set up by Westpac (WBC)
    • On the back of today’s update, MME shares tacked on just under 3 per cent to trade for $1.39 at market close

    Read the full article here The Market Herald here.
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