MONEYME (ASX:MME) achieves record revenue of $25m

News & Announcements
Team MONEYME|15 February 2022| 1-minute read

MONEYME (MME) increased revenue by 108 per cent year-on-year in the three months ending December 31, 2021, according to unaudited preliminary management results.

Revenue for the quarter totalled a record $25 million, which is a notable rise from the $12 million reported in the December 2020 quarter and a slight increase from the $23 million in the September 2021 quarter.

Returns were strong with the average receivable term increasing to 47 months compared to 41 months in the previous quarter.

The average receivable size increased to $16,622 which thereby increased contract revenue value to $178 million — a 44 per cent uplift on the $124 million in the September quarter.

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