MoneyMe Ltd. (AU:MME) has released an update.
MoneyMe Ltd. reported a strong fourth quarter in 2024 with a 25% increase in loan originations and a 6% growth in their loan book to $1.22 billion, alongside a stable net interest margin of 10%. The company also improved credit quality with a higher average credit score of 763 and reduced net credit losses to 4.5%, while launching new products like Autopay car loans and a mobile app. Looking forward, MoneyMe Ltd. anticipates continuous growth and operational efficiency gains in FY25.
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