MONEYME’s record growth to reset analyst forecasts

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Team MONEYME|13 December 2021| 1-minute read

MONEYME has reported record growth originations in Q2, while FY22 revenue is now expected to storm past FY21.

After passing the $1 billion mark in Q1 loan originations, fintech lender MONEYME (ASX:MME) has followed that up with a smashing Q2 release.

The company reported record originations of $170m for the first two months into Q2 FY22,  a compelling 286% on the same time last year.

The record numbers are also up by more than half on the first two months of Q1.

MME’s automotive financing platform, Autopay, continues to shine and has now passed the $100 million milestone in originations in only seven months since launching in April 2021.

Around $68m of those auto loans originated in October and November alone resulting in $111m of gross customer receivables.

In total, the company has generated gross customer receivables of well over half a billion dollars ($542m), a 63% jump from 30 June 2021.

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