ASX-listed fintech lender MONEYME had introduced sturdy progress and working money revenue, with capital to scale, in its 1H25 outcomes.
MONEYME reported working money revenue of $15 million (vs. ($2 million) in 1H24) as its mortgage ebook elevated to $1.4 billion (up 20% vs. $1.2 billion in 1H24).
Mortgage originations elevated 59% to $454 million, up from $285 million in 1H24.
Clayton Howes, MONEYME’s Managing Director and CEO stated, “MONEYME delivered $15 million in working money revenue whereas rising our mortgage ebook from $1.2 billion to $1.4 billion, pushed by a 47% enhance in new mortgage originations. The expansion within the half was primarily pushed by our secured automotive mortgage product, Autopay.
“Our strategic shift towards secured lending and better credit score high quality clients has a extra secure long-term revenue profile and continues to ship decrease credit score losses, which decreased to three.7% within the half. Over the medium time period, Autopay’s success might be complemented by the introduction of a brand new bank card and progress in private loans to assist portfolio diversification, ship larger yield, and enhance our internet curiosity margin.
“Our strengthened funding and capital place, together with the growth of our ABS program and new company facility, gives the capability to develop our mortgage ebook past $3 billion with elevated capital-efficiency and decreased funding prices. In the meantime, our proprietary expertise and AI is driving working leverage, permitting us to scale effectively and shortly.
“With our expertise benefit and diversified product technique, a sturdy mortgage ebook, and an optimised funding platform, MONEYME is positioned for continued progress and working money profitability in FY25,” Howes ended.
Disclosure: On the time of writing, Australian FinTech Pty Ltd is a shareholder of MONEYME Restricted.
