MONEYME (ASX: MME) concludes FY2024 with a strong Q4, demonstrating its resilience in a high-interest rate climate. The fintech company saw a 25% increase in loan originations, reaching $165 million, and boosted its loan-book balance to $1.22 billion. Despite a 5% year-on-year revenue decline, Q4 gross revenue grew by 1% to $54 million.
Enhanced technology and a shift towards higher credit quality contributed to this growth. MONEYME’s net credit losses decreased to 4.5%, reflecting the positive impact of its improved credit strategy. With successful new app launches and technology updates, the company is well-positioned for FY2025, aiming for sustainable growth and profitability.
For a detailed analysis of MONEYME’s performance and future outlook, read the full article in The Australian.
