MoneyMe Ltd (ASX:MME) gross loan originations for the December half 2019 were up 85% on the prior December half.
When the digital consumer lender listed on the ASX in December 2019, its prospectus forecast the gross loan book to increase to $141.9 million by the end of June 30 2020.
The momentum in originations and customer acquisition has resulted in the gross loan book increasing to an unaudited $133.8 million at the end of January 2020.
The share price was up 26% or 39 cents yesterday as the lender achieved 94% of its prospectus forecast for FY20 with 5 months to go.
MoneyMe added “the 30 June 2020 closing gross loan book is expected to materially exceed the FY20 Prospectus Forecast”.
Loans via two offerings[hhmc]
MoneyMe has two loan offerings for customers, which it refers to as personal loans, and a virtual credit account called Freestyle.
Both products have an online application process that delivers an outcome in minutes.
The personal loans are from $Read More – Source
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