CEO, Clayton HowesSource: Newcastle Herald
- Digital consumer credit business MoneyMe (MME) has established a new $167 million warehouse funding facility led by Westpac
- The new facility has a two-year term and reduces funding costs for MoneyMe by more than half
- Senior funding will be provided by Westpac, while mezzanine funding will be provided by the Australian Office of Financial Management
- MoneyMe has also launched its new PayAnyone feature, which allows a person to person payments
- The company is up 4 per cent on the market this morning and trading for $1.56 per share