Research, page-16

Gaurav Sodhi of Intelligent Investor on A u s b i z The Call (Sept 7):

"We did upgrade a stock in this sector called MoneyMe. MME is a fantastic little fintech with real hustle. They've just launched innovation after innovation, new product after new product with very little additional capex. They're doing things that no one else in the industry can do. They've halved their funding costs. Growing at double or triple digits depending on the product.

And I still don't think they're expensive because the accounting is devilishly complex. Every time they write a loan they have to recognize the impairment upfront, so each time they grow it looks as if they're losing more and more money, but in fact that's just an accounting anomaly and I think that's just part of the opportunity. It's doing really really well. Management owns 60-70% of the company and I think it's really well placed. I personally would buy it over any other fintech in Australia."