MoneyMe, an Australian consumer lending fintech company, received an AU$120m asset-backed wholesale securitization facility.
This includes $100m from global investment manager Fortress Investment Group joined with $20m of bonds issued by Evans & Partners.
The company intends to use the funds to continue to expand its business reach, its loan product range, and distribution channels.
Led by Clayton Howes, CEO and Co-Founder, MoneyMe provides a lending platform offering Personal, Cash, Quick Cash, Online Cash, Cash Advance, Fast Cash Advance, Short Term, Quick, Instant, Small, and Quick Personal loans.
The loan period can be from 1 month for up to $2,000 or 3 years for larger amounts, up to $15,000.