MONEYME surpasses $4B in originations; quarterly originations surge 27 percent
Digital lender and Certified B Corp MONEYME (ASX: MME) has reached a major lending milestone, surpassing $4 billion in total originations since inception. New originations increased by 27 percent in 1Q25, primarily driven by car loans.
MONEYME’s lifetime originations include ~$1 billion in loans originated by SocietyOne prior to the acquisition, and over $3 billion generated through its proprietary lending platform, Horizon. MONEYME posted a solid quarter with originations of $221 million, a significant increase from $171 million in the prior quarter.
The growth was predominantly fuelled by MONEYME's secured car loan product, Autopay, in line with its strategic objective. MONEYME signalled its return to growth towards the end of FY24, with a continued focus on expanding secured assets.
Revenue remained relatively stable at >$50 million in 1Q25, reflecting the shift to higher credit quality and secured assets with lower associated yield. The average Equifax credit score increased to 774, up from 763 in the prior quarter, and secured assets increased to 58% of the loan book.
The completion of a $517.5 million auto loan ABS deal earlier this month freed up significant capacity within MONEYME’s Autopay warehouse, supporting the continued growth of the product.
Clayton Howes, CEO, MD, and co-founder of MONEYME, said:
"Surpassing $4 billion in originations is a testament to the strength of our product offering, our vision, and our ability to execute effectively through any macro environment.
“The surge in Autopay originations shows that our efforts to create a better end-to-end car finance experience through innovation and AI are resonating with customers and partners. Our recent $517.5 million ABS deal not only frees up capital to keep scaling Autopay, but also demonstrates strong interest from both domestic and international investors in our securitisation programs.
"Looking ahead, we remain committed to building a bigger, more resilient business, with secured assets at the core of our strategy. It’s an exciting time for MONEYME as we continue to build momentum in our core markets – car loans, personal loans, and credit cards."
About MONEYME
MONEYME is a digital consumer lender and Certified B Corporation™. We challenge outdated lending practices and simplify the borrowing experience with smart technology. Our innovative car loans, personal loans, and credit cards are designed to save our customers’ time, with near-instant credit decisions and loans that settle in minutes. We proudly serve Australians who demand more from the companies they engage with and hold ourselves to the high standards of the B Corp movement.
MONEYME Limited is listed on the ASX, and the Group includes licensed and regulated credit and financial services providers operating in Australia. For more information, visit moneyme.com.au or investors.moneyme.com.au
