Ann: MONEYME completes SPP following corporate debt paydown, page-2

So not quite the $5m that they initially planned to raise, but $4.3m is not a bad result given only ~10% uplift currently for purchases under the SPP.

So they got surplus cash of ~$3m from the institutional raise and a further ~$4m from the SPP and hopefully this draws a line on the uncertainty around their viability.

The challenge of growth with limited shareholder equity and cash remains, but hopefully they continue to turnover loans and maintain that loan book (with a decent credit quality) and grow organically......I suspect in this environment with banks being more prudent, MME can leverage their platform to find high (credit) quality clients and continue originating loans. Add to that the fact that car supply seems to be returning.......their autoloan product should be very popular although with higher prices, higher interest rates, it may mean that fewer people can get those loans