Exit / M&A
MoneyMe acquires fellow fintech pioneer SocietyOne
ASX-listed lender MoneyMe is acquiring rival consumer credit fintech SocietyOne in a scrip-based deal valued at $132 million, aiming for scale, cost synergies and revenue growth.
Managing Director and CEO · Founder, MoneyMe
Clayton Howes
Roles
Coverage
Stories naming Clayton Howes. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Venture debt
$50m
MoneyMe secures $50m funding from Pacific Equity Partners
Consumer lender MoneyMe has secured an initial $50 million commitment through a new partnership with investment firm Pacific Equity Partners, to grow its products, expand its securitisation warehouse and repay an existing note facility.
2 deals
As proptech startups rake in investor cash, could COVID-19 mean a permanent change to the real estate industry?
Proptech firms :Different and Sorted each announced funding this week, with Rampersand leading Sorted's round, while founders and investors discuss whether COVID-19 will permanently modernise property industry practices.
Also SmartCompany
Exit / M&A
IPO Watch: Profitable lender MoneyMe is the latest fintech to join the ASX
Personal lender MoneyMe lists on the ASX, with most staff investing in the IPO. Founder Clayton Howes says the listing aids expansion, while other 2019 fintech listings saw strong gains.
3 deals
Australian FinTech company profile #35 – MoneyMe
Profile of Sydney-based lender MoneyMe covering its leadership team, recalled capital raises in 2017 and 2018, industry awards, and its stated plan to pursue a public listing on the Australian Stock Exchange.