Key Stats
Name: MoneyMe
Sector: Lending
Founder & CEO: Clayton Howes
Year of investment**: 2014, 2016
Rounds: Series A, Series B, Series C
**Our original investment was in SocietyOne in 2014 and they merged with MoneyMe in 2021
What they do
MoneyMe is a digital financial service company that offers fast and easy credit products to tech-savvy Australian consumers and businesses. With their advanced tech-driven platform, the experience provides consumers with a seamless online process done in minutes via their mobile phone.
Why we like them
SocietyOne was among the first fintech disruptors in Australia and evolved from a peer-to-peer lender into a strong digital first lending business with the support of a number of major banks as wholesale funders. SocietyOne drew on the brand building capabilities of its early media shareholders, 7West Media and News Limited, and its pioneering free credit score offering, GetCreditScore, to build a strong and trusted consumer brand.
Through the merger with MoneyMe, the range of personal lending products has been significantly expanded including car loans, real estate vendor loans, credit cards and other products and the business continues to grow at an accelerated rate