MONEYME beats prospectus, chases buy now, pay later
MONEYME, a fintech personal lender, beat its prospectus forecasts for revenue, operating earnings and loan originations to deliver a small profit in its first annual result as a listed company.
Since hitting the bourse in December, MONEYME developed a “credit card replacement” product and a buy now, pay later offering for the property market alongside its personal loans.
Against the backdrop of the coronavirus crisis, MONEYME said revenue was up 49 per cent to $50 million for the year, 4 per cent above prospectus forecast, while earnings before interest, tax, depreciation and amortisation were $3.2 million, 10 per cent ahead of the forecast.
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