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MoneyMe: Recorded strong lending growth over FY21’s first quarter | Fintech InShorts: Latest fintech news, analysis by experts

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MoneyMe: Recorded strong lending growth over FY21’s first quarter

By Steve Sam

October 30, 2020

Things are looking up for MoneyMe (MME), which recorded strong lending growth over FY21’s first quarter
The lender saw its loans rise sharply in September, resulting in a 30 percent increase in the previous month’s originations
More broadly, the financial stock’s loans grew by 39 percent compared to FY20’s final quarter
MME also posted a record $12 million in revenue in FY21’s opening quarter — an 18 percent increase on the previous corresponding period (PCP)
Speaking to the results, MoneyMe Chief Executive Clayton Howes said he delighted with the business “robust, profitable growth.”
On the back of today’s update, MME shares tacked on just under 3 percent to trade for $1.39 at market close

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