Chieving Profitability By Its Fourth Year In Business 2017 And Posting Consistent Net Profits Through To 2020 Before Entering High Growth Phase As Part Of This Profitable Strategy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SYDNEY, Oct. 11, 2022 /PRNewswire/ Digital lender and non-bank challenger MONEYMEis on track to deliver on its promise to shareholders to return to statutory profitability and achieve greater than $200 million in Net Revenue for FY23. The shift in strategic focus, announced in July following triple digit growth in FY22, comes as a measured response to the evolving macroeconomic climate in which market volatility is expected to continue, and investors increasingly prefer a proven ability to deliver profits. It's a strategy MONEYME has pursued successfully in the past, achieving profitability by its fourth year in business in 2017 and posting consistent net profits through to 2020 before entering its high growth phase. As part of this profitable growth strategy, MONEYME will focus on high quality credit originations and optimise for cost efficiencies by leveraging new scale advantages, technological improvements, and the low-cost acquisition opportunity of offering its expanding pr

New south walesClayton howesHorizon technology platformNet revenueManaging directorOct 11022 prnewswire digital lender and non bank challenger moneymeis on track to deliver its promise shareholders return statutory profitability achieve greater than 200 million in net revenue for fy23 the shift strategic focusNnounced in july following triple digit growth fy22Omes asa measured response to the evolving macroeconomic climate in which market volatility is expected continueNd investors increasingly prefera proven ability to deliver profits it 39 sa strategy moneyme has pursued successfully in the pastChieving profitability by its fourth year in business 2017 and posting consistent net profits through to 2020 before entering high growth phase as part of this profitable strategyOneyme will focus on high quality credit originations and optimise for cost efficiencies by leveraging new scale advantagesTechnological improvementsNd the low cost acquisition opportunity of offering its expanding product range to over 200000 societyone customers it will also continue to maintain diversity in its loan book created by expansion within the auto finance space fy22Long with other successful new product lines moneyme has also hita major milestone in the post acquisition integration of societyone 39s technology onto its proprietary platform horizon ahead plan and less than 6 months after