- Things are looking up for MoneyMe (MME), which recorded strong lending growth over FY21’s first quarter
- The lender saw its loans rise sharply in September, resulting in a 30 percent increase in the previous month’s originations
- More broadly, the financial stock’s loans grew by 39 percent compared to FY20’s final quarter
- MME also posted a record $12 million in revenue in FY21’s opening quarter — an 18 percent increase on the previous corresponding period (PCP)
- Speaking to the results, MoneyMe Chief Executive Clayton Howes said he delighted with the business “robust, profitable growth.”
- On the back of today’s update, MME shares tacked on just under 3 percent to trade for $1.39 at market close
