MONEYME has reported a robust second quarter with a 26% increase in its loan book to $1.75 billion and a 19% rise in revenue to $60 million, underpinned by improved credit quality and strategic funding initiatives.
- Loan book grows 26% year-on-year to $1.75 billion
- Revenue climbs 19% to $60 million in 2Q26
- Net credit losses improve to 2.9%, reflecting stronger credit performance
- Completed $455.4 million Autopay ABS securitisation and $300 million credit card warehouse facility
- Partnership with Luxury Escapes to issue branded credit cards in Australia
Strong Growth Amidst Strategic Expansion
MONEYME’s second quarter trading update for the period ending December 31, 2025, reveals a company scaling rapidly while sharpening its credit profile. The digital lender’s loan book expanded by 26% year-on-year to $1.75 billion, driven by $275 million in loan originations, an 18% increase compared to the same quarter last year. This growth translated into a 19% rise in gross revenue, reaching $60 million for the quarter.
Importantly, this expansion has been accompanied by improved credit quality. Net credit losses declined to 2.9%, down from 3.7% a year earlier, while the average credit score of borrowers rose to 799. These metrics suggest MONEYME is successfully balancing growth with risk management, a critical factor in the competitive digital lending space.
Funding Strengthens to Support New Products
Behind the scenes, MONEYME has fortified its funding base with two significant transactions. In November 2025, it completed a $455.4 million Autopay asset-backed securities (ABS) transaction, marking its second public capital markets deal this fiscal year. This move not only enhances capital efficiency but also lowers the cost of funds, a benefit reflected in the improved risk-adjusted net interest margin.
Additionally, MONEYME established a $300 million credit card warehouse facility with a global bank and a domestic institutional fund. This facility is poised to underpin the launch of its new credit card products, including an exclusive partnership with Luxury Escapes to issue branded credit cards in Australia. The credit card pilot is progressing well, targeting a launch in the second half of 2026.
Technology and Product Innovation Drive Efficiency
Technology upgrades have played a pivotal role in MONEYME’s operational efficiency. Integration with Episode Six’s Horizon platform enables real-time card processing and enhanced fraud controls. The launch of a PayTo pilot and new repossession and insurance modules have optimized collections workflows, further improving operational performance.
The expansion of the Autopay product into private car sales, a significant segment of the Australian used car market, has seen strong early adoption and positive user feedback. These product developments align with MONEYME’s strategy to diversify its asset mix while maintaining credit discipline.
Outlook and Strategic Priorities
CEO Clayton Howes expressed confidence in the company’s trajectory, highlighting disciplined execution and a strong product roadmap. MONEYME remains on track to meet its FY26 strategic priorities, with expectations to reach a normalized NPAT breakeven loan book in the near term. The company’s focus on sustainable returns, improved funding terms, and innovative product offerings positions it well for continued growth in Australia’s digital lending market.
Bottom Line?
MONEYME’s blend of growth, credit quality, and strategic funding sets the stage for a pivotal year ahead.
Questions in the middle?
- How will MONEYME’s new credit card launch impact its revenue and customer base?
- What risks could arise from expanding Autopay into private car sales?
- How sustainable are the improved credit metrics amid ongoing loan book growth?