Jamie McPhee's appointment makes a lot more sense now that there is clearer path to return to growth. The increase in funding capacity will (in theory) allow the business to grow the loan book by ~30%, and then there's the kicker of an additional $10m in unrestricted cash. This is quite a significant announcement for a company of MME's size and current market cap.
Ann: MONEYME Expands Funding Capacity, page-12
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