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MONEY3
Hannah Brooks's Company Details
Money3 (MNY) is a specialist provider of Automotive consumer finance in Australia and New Zealand, with a focus on providing Secured Automotive loans to customers that traditionally have difficultly procuring mainstream financing from traditional lenders and finance providers such as banks. MNY currently operates across 3 core brands being Money3, Automotive Financial Services (AFS) Australia, and Go Car Finance (NZ) and collectively manages a growing profitable loan book of $556.7m in Gross Loan receivables across over 60,000 active customers. Across these brands MNY provides an end to end lending and collections offering that caters to Commercial, Consumer, near-prime and non-conforming secured Auto loans. MNY is expected to deliver strong loan book growth across an expanded addressable market, targeting $1bn of gross loan receivables by FY24 and is well funded to support its objectives with current capacity under existing funding arrangements to support book growth to $800m over the medium term.