MONEYME passes key $1 billion originations in record-breaking start to FY22

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Team MONEYME|25 October 2021| 1-minute read

MONEYME’s focus on targeting the ‘Generation Now Customer’ and persistent innovation is paying off with significant growth.

Fintech lender MONEYME (ASX:MME) has passed the $1 billion originations, a significant milestone from its initial start-up in 2013.

In a strong start to the 2022 financial year, MONEYME recorded quarterly revenue of $23m for the quarter ended 30 September 2021, a 92% increase compared to the previous corresponding period (pcp).

Originations increased to $173m, up 283% on the pcp and increasing from $161m in Q4FY21.

Gross customer receivables of $452m meant a 227% rise on pcp and were 36% higher than the prior quarter of $333m.

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