MONEYME delivers record revenue and secured asset finance scale

ASX-listed fintech MONEYME has announced record revenue as its revenue in FY22 grew to $138 million, with 4Q22 revenue being $55 million, and increased its gross customer receivables to $1.4 billion from high organic growth and the March acquisition of SocietyOne.

MONEYME expects to deliver in excess of $200m in revenue for FY23 as the full year benefit of >$0.7b in net gross receivables growth in 2H22 is realised. FY22 revenue includes only 3.5 months contribution from SocietyOne.

Clayton Howes, MONEYME’s Managing Director and CEO said, “Delivering another incredible quarter with record gross revenue, loan assets and advancing operating leverage and corporate synergies from the acquisition of SocietyOne ahead of plan reflects exceptional execution from our business.

“MONEYME’s focus has always been on building a strong foundation for profitable growth and returns, driven by high credit underwriting standards, tech-driven efficiencies, economies of scale, and a diversified product and distribution strategy.

“MONEYME’s agility during evolving market conditions is part of what makes MONEYME a strong consumer lender. Our innovation-led business model gives us the edge to recalibrate quickly to support the ongoing delivery of profitable returns.”