Money3 announces $20 million funding facility

Company News

by David Chau

Money3 Corporation Limited (ASX:MNY) has secured a $20 million debt facility.

The company says this debt will be used to maintain its strong growth momentum in the secured automotive loan business.

Money3’s says that its loan book has a gross value of around $139 million.

The company also says that its unsecured personal loans have a gross value of around $49 million.

Money3 reported a net profit of $10 million at 31 December 2015.

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