MONEYME (ASX:MME) Increases Funding Capacity to $338M

News & Announcements
Team MONEYME|23 July 2021| 1-minute read

MONEYME (MME) has increased its external funding capacity to $338 million, after restructuring its main warehouse facility.

The finance company announced on Tuesday its MME Horizon 2020 Trust has been extended by another $108 million, representing an increase of 47 per cent.

MME also revealed its increased its corporate bond by $7 million in a bid to provide the business more capital for growth.

MONEYME said all the new funds would help grow its customer originations as well as support its new vehicle finance product, Autopay.

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