MoneyMe Loan Book Grows 21% in December 2024 Quarter, Shares Fall 4%

MT Newswires Live

01/31

MoneyMe (ASX:MME) said its loan book grew 21% year on year to AU$1.4 billion in the December 2024 quarter, compared with AU$1.2 billion in the prior-year quarter, according to a Friday Australian bourse filing.

Its revenue came in at about AU$50 million in the fiscal second quarter, compared with AU$52 million in the year-ago period. The firm said this reflected an increased ratio of secured loans and higher credit quality customers.

The firm is developing a revamped credit card offering, which is expected to launch within the year.

Its shares fell 4% in the recent trading on Friday.

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