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MoneyMe Limited (ASX:MME)
ALERT: Price-sensitive ASX Announcement for MME
Current share price for MME : $0.082 -0.028 (-25.45%)+
Announcement
Release
18 Dec 2025 9:31AM
Price at Release
$0.110
Full Release
Summary
MoneyMe Limited has announced the establishment of a new credit card warehouse financing facility in collaboration with a leading global bank and a domestic institutional credit fund. The facility has an initial total limit of $300 million for funding MoneyMe's credit card assets and includes the potential for expansion to support further growth. The warehouse facility, set to commence in February 2026, offers significantly better pricing terms compared to the company's existing financing arrangements. This move is part of MoneyMe's strategy to expand its credit card offerings and gain market share in the Australian credit card market. MoneyMe is a digital lender and Certified B Corporation, known for its innovative credit solutions and commitment to sustainability. The company targets consumers with above-average credit profiles through various digital-first products, including car loans, personal loans, and credit cards.
Key Points
- $300m initial warehouse financing facility limit
- Potential to upsize facility for growth
- 2-year term with extension possibility
- Senior financier is a leading global bank
- Mezzanine financier is an established Australian credit fund
- Better pricing terms than existing arrangements
- Facility ready by February 2026
- Supports launch of new credit card product
- Part of strategy to increase market share in Australian credit card market
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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