Startup · $197m raised
Sydney, NSW
Every investor coverage indicates participated in a round MoneyMe raised.
| Investor | Rounds | Invested |
|---|---|---|
| Fortress Investment Group | Unnamed stage | - |
| ICM Ltd | Unnamed stage | - |
| SmartCompany | Accelerator | - |
Every published round MoneyMe took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies MoneyMe has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for MoneyMe, as distinct from the investments it has made.
Companies MoneyMe has backed that another company then bought. An exit for the holding, not a deal MoneyMe did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of MoneyMe is recorded as having been acquired. | ||||
The transaction that ended MoneyMe's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | 12 Dec 2019 | - | Startup Daily, SmartCompany, Australian FinTech (Mon 16 Dec 2019), Australian FinTech (Thu 12 Dec 2019) |
Companies MoneyMe acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| SocietyOne | Acquisition | 17 Dec 2021 | $14.5m+ | Australian FinTech (Wed 16 Mar 2022), Techboard, Startup Daily, Australian FinTech (Fri 17 Dec 2021) |
| Name | Role | Sources |
|---|---|---|
| Aaron Bassin | Head of Strategy (former) | Our Innovation Fund (Tue 11 Jun 2024), Our Innovation Fund (Mon 21 Mar 2022), Australian FinTech (Thu 17 Mar 2022), Australian FinTech (Fri 17 Sep 2021), Our Innovation Fund (Wed 15 Sep 2021), Startup Daily, Australian FinTech (Tue 13 Jul 2021), Australian FinTech (Thu 11 Jul 2019) |
| Clayton Howes | Managing Director and CEO · Founder | Australian FinTech (Wed 16 Mar 2022), Startup Daily, Australian FinTech (Fri 17 Dec 2021), Australian FinTech (Mon 27 Sep 2021), SmartCompany (Wed 6 May 2020), SmartCompany (Mon 16 Dec 2019), Australian FinTech (Mon 16 Dec 2019), Australian FinTech (Thu 12 Dec 2019), Australian FinTech (Thu 11 Jul 2019) |
| Fred Relenas | CTO | Australian FinTech |
| James Diago | Head of Finance | Australian FinTech |
| Jonathan Wu | Head of Operations | Australian FinTech |
| Roberto Boschiroli | Head of Marketing | Australian FinTech |
| Victoria Lee | Commercial Manager & Legal Counsel | Australian FinTech |
Stories naming MoneyMe. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Bridging lender Bridgit has banked a $14.6m equity round through OIF Ventures plus a $125m debt facility, positioning the Surry Hills startup for Australia's looming intergenerational wealth handover.
Also OIF Ventures portfolio·Australian FinTech·Startup Daily·Startup Daily·SmartCompany·Australian FinTech·Australian FinTech
Melbourne proptech Listing Loop has banked $2.1m toward its Series A, led through Allectus Capital with more commitments pending, and recently bought negotiation firm Hello Haus.
Techboard's September 2022 roundup reports Australian raises led by Morse Micro's $140m Series B, several acquisitions including ResApp Health to Pfizer, fund closes by Telstra Ventures, OIF and Main Sequence, and open raises.
Techboard's monthly roundup tallies August 2022 private funding at $207m across 22 deals, listing the month's raises, BlackRock's acquisition of Akaysha Energy, One Click Life's reverse takeover listing, and several fund closes.
Also Startup Daily
Techboard's monthly roundup logs June 2022 Australian funding events, including GO1's Series E, Edrolo's Series B, two acquisitions, several new funds reaching closes, and accelerator intake announcements.
Also Techboard
Online home loans marketplace Joust adds Virginia Marshall and Stuart Stoyan as non-executive directors, drawing on their banking and fintech backgrounds at Westpac, SocietyOne, MoneyPlace and Fintech Australia.
Investment note announcing the firm's lead of Bridgit's $7.7 million Series A. Covers the bridging-loan fintech's product, traction, market, and founders' backgrounds at Stake, MoneyMe and KPMG.
KPMG's half-yearly fintech report finds Australian fintech funding rebounded in 2021, recapping local raises, listings and acquisitions alongside record global deal figures and a bullish outlook for 2022.
Techboard's year-end roundup catalogues November funding activity: big raises for Rokt, Harrison.ai and Pet Circle, five acquisitions, Investible's second fund closing at $51.6m, plus a watchlist of companies still seeking capital.
Also Australian FinTech
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.
Zepto announces it is the first non-bank accredited as both an NPP Connected Institution and a CDR data recipient, reports $3 billion in monthly payment volumes, and joins the Tech Council of Australia.
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.
OIF's write-up of bridging-loan startup TechLend: a two-month-old lender fielding heavy loan demand, already holding $50 million in venture debt from a Silicon Valley fund, now chasing a larger facility plus equity.
Also Startup Daily·Australian FinTech·Techboard·Australian FinTech
Non-bank lender TechLend has launched in Australia offering interest-free bridging loans to property buyers. Founded by Aaron Bassin and Nick Jacobs, it has received seed investment from Stake's Matt Leibowitz.
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
Melbourne BNPL fintech Openpay listed on the ASX, raising $50 million at $1.60 a share for a $150 million market cap, with shares falling below the issue price on debut.
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.
A personal lender preparing to list has drawn early institutional orders, with three local fund managers taking cornerstone roles and the book reportedly filled before the formal build opens.
Broker Morgans' pre-float research values lender MoneyMe between $127 million and $243 million ahead of a possible ASX listing, benchmarking it against peers Zip Co and Prospa.
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.
Consumer lender MoneyMe is lining up a pre-IPO convertible note raise of up to $15 million with Ord Minnett arranging meetings, having earlier secured $100 million from Fortress Investment Group.
Also Australian FinTech