MoneyMe Ltd. ( (AU:MME) ) has issued an announcement.
MoneyMe Ltd. reported a significant increase in operating cash profit to $15 million for the first half of 2025, driven by a 20% growth in its loan book to $1.4 billion and a 59% rise in loan originations. The company’s strategic focus on secured lending and higher credit quality customers has resulted in a more stable income profile and reduced credit losses. MoneyMe’s enhanced funding and capital position, along with its advanced technology stack, positions it for continued growth and profitability, with plans to expand its loan book beyond $3 billion.
More about MoneyMe Ltd.
MoneyMe Ltd. operates in the financial services industry, focusing on providing secured and unsecured loans. The company is known for its innovative use of technology, including artificial intelligence, to enhance customer service and operational efficiency. MoneyMe targets a diverse market with products like secured car loans, personal loans, and credit cards.
YTD Price Performance: 2.50%
Average Trading Volume: 1,274,838
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$164M
For detailed information about MME stock, go to TipRanks’ Stock Analysis page.