1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
MoneyMe’s Clayton Howes outlines a bullish outlook for digital non‑bank lending, pointing to rapid scale, improving credit performance and a technology edge in an otherwise challenged consumer credit environment. Howes highlights that MoneyMe (ASX:MME) now manages a $1.9 billion loan book, up from just $5 million at inception, with over 500,000 Australians serviced and third‑quarter originations growing 43% year on year. The business now reports a positive normalised net profit after tax and annualised quarterly revenue of $62 million.
Howes frames the current high interest rate backdrop as a relative advantage, stressing MoneyMe’s predominantly variable‑rate book and deliberate move up the credit curve. The average Equifax score above 800 and a 60% mix of secured car loans are seen as key drivers of net credit losses dropping to 2.6% and a rising risk‑adjusted net interest margin, trending from 2.4% towards 3%. He argues strong employment and the defensiveness of car finance underpin further improvement.
Technology and product diversification sit at the centre of Howes’ strategy. MoneyMe’s proprietary Horizon technology platform and AI‑driven, near real‑time decisioning support rapid settlement, with car finance via AutoPay often completed within minutes. Personal loans continue to fund home upgrades and energy improvements, while new credit card partnerships, including Luxury Escapes, are positioned to accelerate growth and, in Howes’ view, ultimately force a market re‑rating of the share price.
*partner content
