Shares in fintech MoneyMe (ASX: MME) have jumped more than 12% in opening trade on Tuesday after the company announced a new $167 million warehouse funding facility led by Westpac, that will cut its funding costs by more than 50%. The company put its shares in a trading halt yesterday pending the announcement. The deal… Read more »
Personal lender MoneyMe (ASX: MME) made a spectacular debut on the ASX on Thursday as the latest fintech to list in 2019. The Sydney app-based lender raised $45 million in its heavily over-subscribed IPO at $1.25 per share. The float gave the business a market capitalisation of $211.8 million and enterprise value of $175.3 million.… Read more »
Online lender MoneyMe raises $120 million securitisation facility as Waddle raises $50 million in debt funding
MoneyMe has raised a $120 million asset-backed securitisation facility, while business-focused lender Waddle has raised $50 million in debt funding.
Short term lending startup MoneyMe was last night named Fintech Startup of the Year at the 2016 Fintech Awards, the first awards night dedicated to the Australian fintech sector.
Australian FinTech has hit another milestone, with short term lending startup MoneyMe announcing a $30 million capital raise, comprised of both debt and equity funding, from “a high net worth Australian family office” looking for alternatives to property investments. The startup last raised $1 million upon launch in 2013.