ASX-listed MONEYME have introduced the discharge of its interim monetary report and outcomes for the 6 months to 31 December 2023.
MONEYME delivered a stable first half consequence with $6 million in NPAT, reflecting technology-driven value efficiencies, sturdy credit score efficiency, and efficient rate of interest administration.
It elevated originations within the half to $277 million, sustaining its e-book stability comparatively secure, whereas persevering with the shift to excessive credit score high quality belongings.
The stronger credit score profile of the e-book delivered a web loss price of 4.6% for 1H24, an additional discount from 2H23 and 1H23.
MONEYME continues to execute its key methods, which embrace extending its know-how benefit via product innovation, automation and expanded AI capabilities, optimising the enterprise for future development, capitalising on the numerous market alternative to develop its award-winning automotive mortgage product, and strengthening its cybersecurity defences.
MONEYME additionally confirmed it’s creating an inner utility leveraging generative AI to hurry up and improve the accuracy of customer support responses, with a beta model of the device set to launch in 2H24.
Clayton Howes (pictured), MONEYME’s Managing Director and CEO mentioned, “MONEYME delivered a stable first half consequence with $6m in NPAT, reflecting technology-driven value efficiencies, sturdy credit score efficiency, and efficient rate of interest administration. We elevated originations within the half, sustaining a comparatively secure e-book stability, whereas persevering with the shift to excessive credit score high quality belongings.
“The stronger credit score profile of the e-book delivered a web loss price of 4.6% for 1H24, an additional discount from 2H23 and 1H23. Our mortgage e-book now has a mean Equifax credit score rating of 741 and 48% secured mortgage belongings, each up on the prior durations. The energy of our mortgage e-book portfolio has additionally been recognised by two latest Moody’s credit standing upgrades of our time period securitisations.
“MONEYME continues to execute its key methods, which embrace extending our know-how benefit via product innovation, automation and expanded AI capabilities, optimising the enterprise for future development, capitalising on the numerous market alternative to develop our award-winning automotive mortgage product, and strengthening our cybersecurity defences.
“Our present technique and confirmed agility place us properly to ship elevated scale and returns as circumstances evolve.”
