MoneyMe
MoneyMe is a platform providing unsecured personal loans to the tech-savvy, convenience-driven millennial market in Australia.
Backed by
Fortress Investment Group
Evans & PartnersRaised 91.39M DEBT_FINANCING on November 27, 2017
About
MoneyMe is an Australian consumer lending fintech operating an online platform offering short-term and personal loans from one-month to three years, with loan amounts up to $15,000.
Mission
MoneyMe is an Australian consumer lending fintech led by CEO and co-founder Clayton Howes. It operates a lending platform offering a range of products described in the article as Personal, Cash, Quick Cash, Online Cash, Cash Advance, Fast Cash Advance, Short Term, Quick, Instant, Small, and Quick Personal loans. Loan terms can be as short as one month for amounts up to $2,000 or extend to three years for larger loans up to $15,000. The company received an AU$120m asset-backed wholesale securitization facility to support its growth. The facility comprises $100m from global investment manager Fortress Investment Group and $20m of bonds issued by Evans & Partners. MoneyMe intends to use the funds to expand its business reach, broaden its loan product range, and grow its distribution channels.
Quick Facts
Founded
2013
Funding
DEBT_FINANCING
Industry
Finance, Financial Services, FinTech
Team Size
101-250
Headquarters
Sydney, New South Wales, Australia
Careers
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