
MONEYME’s loan book reaches $1.5 billion with originations up 65%
MONEYME have provided its third quarter trading update for the period ending 31 March 2025.
MONEYME’s loan book increased to $1.5 billion, with originations up 65% on the prior comparable period (pcp) while maintaining operating cash profit. Revenue remained strong at $53 million, as did credit performance, with net credit losses maintained at 3.7%. The proportion of secured loans in the loan book remained steady at 61%.
Clayton Howes, MONEYME’s Managing Director and CEO said, “MONEYME continued to grow in 3Q25, with operating cash profit tracking toward circa $20 million for the full year.
“Our loan book reached $1.5 billion, up 27% on the prior year, supported by strong origination volumes. As expected, originations were slightly lower than the prior quarter, reflecting seasonality.
“Revenue increased quarter-on-quarter, underpinned by the larger loan book. Our NIM was 8% for the quarter, down on the prior year in line with our strategic focus on secured and higher credit quality assets, which have a larger average loan size and a lower risk profile.
“During the quarter, we refinanced and upsized one of our funding warehouses to support growth in personal loans and credit cards. We continue to represent well in the debt capital markets, achieving high demand and more favourable terms, reflecting the strong credit performance of our portfolio.
“Following the RBA’s March cash rate cut, we moved quickly to deliver savings to existing customers and adjust new customer pricing, supporting customer loyalty.
“As part of our commitment to responsible and sustainable business practices, MONEYME commenced a climate scenario analysis to strengthen our understanding of climate-related financial risks and opportunities. We also reached over $100,000 in donations supporting children in vulnerable communities through our partnership with World Vision.
“Our investment in proprietary generative AI is delivering tangible operational improvements, streamlining customer communications and enhancing performance of customer service teams.
“Looking ahead, we remain focused on reducing our cost of funds through further funding optimisations, leveraging the latest technology to drive better customer outcomes, and expanding our product offering with a new credit card product.”