Latest Consumer Finance News

Credit Corp delivers steady H1 FY26 results with robust US collections and record lending volumes, while pursuing a strategic acquisition to boost its consumer finance footprint.

MONEYME has secured an exclusive partnership with Luxury Escapes to issue a co-branded credit card in Australia, aiming to blend travel rewards with digital-first credit services.

Credit Corp Group has submitted a non-binding indicative proposal to acquire Humm Group, marking a potential consolidation in the consumer finance sector. The proposal remains conditional as due diligence information is yet to be provided.

Humm Group has received a shareholder notice to remove key directors alongside a non-binding acquisition proposal from Credit Corp, signaling potential major changes ahead.

Ovanti Limited’s US subsidiary has secured a key partnership with Mastercard’s Finicity to enhance its upcoming Flote BNPL platform, aiming to revolutionize consumer finance with real-time data insights.

Harmoney has secured a $15 million revolving debt facility from a major Australian bank, refinancing its previous loan at a significantly lower margin and underpinning future growth.

Pioneer Credit has secured a further 15 basis point reduction on its $272.5 million senior finance facility, lowering its funding costs and reinforcing its commitment to sustainable business practices.

FSA Group Ltd reports robust growth in loan origination and loan pools, driven by car loans and asset finance, while raising profit guidance for FY2026. The company’s strategic focus on automation and offshore expansion underpins its ambitious $1.3 billion loan pool target.

Cash Converters has completed a $25 million equity raise to fund the acquisition of 29 Australian franchise stores, with EZCORP increasing its voting power to nearly 44%.

Solvar Limited has secured a new $487 million warehouse facility and resized an existing $270 million facility, boosting its total funding capacity to around $900 million and reducing its cost of funds.

Humm Group reports a 14% decline in new loan originations for 1Q26, driven by a steep 61% fall in Australian Point of Sale volumes following regulatory changes and technology setbacks. However, international growth and asset expansion provide some offset.

Harmoney has reaffirmed its FY26 profit guidance, aiming for a $12 million cash NPAT, while unveiling a new secured auto loan product designed to disrupt the car finance market.