MONEYME

SIZE OF LOAN BOOK	A$1.1BN
MAKEUP OF LOAN BOOK	Auto loans, personal loans and credit cards
GEOGRAPHIC DISTRIBUTION OF LOAN BOOK	Australia: 100%
OUTSTANDING DEBT ISSUANCE	Three public capital markets ABS (personal loans) transactions: SocietyOne 2021-1 A$183M SocietyOne 2023-1 A$150M MoneyMe 2022-1 A$200M Core funding sources also include four warehouses and an external investor trust.

About MONEYME

MONEYME is a digital consumer lender, with a B Corp difference. MONEYME offers a range of fast, flexible and competitively priced products that span consumers’ credit lifecycle, including secured vehicle loans, personal loans and credit cards.

MONEYME serves ambitious Australians that expect more from life and the companies they engage with. To meet their expectations, MONEYME delivers unrivalled customer experiences powered by smart technology, speed and efficiency.

Following MONEYME’s success of new product innovation, customer growth and acquisition of SocietyOne in March 2022, its loan book has grown to A$1.1 billion with more than A$3 billion funded by the group since inception.

MONEYME’s core products target markets where traditional providers are yet to develop or deploy the latest technology. Traditional providers therefore deliver suboptimal costumer experiences limited by legacy processes, presenting significant market opportunities for technology-led nonbank lenders.

MONEYME’s value proposition is centred around:

Customer-centric innovation. MONEYME has created an ecosystem of app-based award winning products with fast and seamless digital experiences and industry-disrupting features.
Technology advantages. MONEYME’s proprietary technology platform delivers automated application processing and decisioning 24/7, high operational efficiency and scalability.
Diversification. MONEYME has a diversified product offering, customer base and distribution channels, providing ample growth opportunities and reduced concentration risk.

The credit strength of MONEYME’s loan book is demonstrated by its average Equifax credit score of 727 in FY23, while 56% of the loan book has an average Equifax score of 700 or above. Credit quality has been increasing year-on-year in line with MONEYME’s long-term focus on servicing high credit quality customers and to support strong performance throughout the economic cycle.

MONEYME’s loan book is predominantly variable rate (70%), with a high proportion of secured assets (more than 40%), predominantly from its secured vehicle loan product.

Business performance

MONEYME has a history of delivering statutory profits (FY17 to FY20). Following two years of investing in growth, quadrupling its receivables book from FY21 to FY22, the business is now benefiting from its current scale to deliver ongoing steady and profitable growth.

Funding strategy

MONEYME has a diversified debt funding programme with A$1.5 billion in funding facility limits across eight funding structures. Financiers include major Australian and global banks, investment funds and well-known mezzanine financiers.

MONEYME’s funding mix also includes a A$50 million corporate debt facility and three term securitisation transactions across the MONEYME and SocietyOne brands. The senior tranches of MONEYME’s term securitisation transactions are rated Aaa by Moody’s Investors Service.