Company Interview / Old money out, MoneyMe in

Nigel Bradshaw from MoneyMe (ASX:MME) discusses the growing global investor interest in Australian private credit, including banks and non-bank lenders like MoneyMe. With major banks pulling back on car and personal loans, consumers are turning to MoneyMe (ASX:MME), benefiting from increased foreign investments.

Nigel outlines that MoneyMe's issuance of asset-backed securitisations offers a competitive advantage by tapping global capital markets, particularly in Europe and the UK. This approach provides access to large pools of capital, reducing costs and enabling lower rates for customers on loans like car and unsecured credit.

He also notes MoneyMe's (ASX:MME) innovation in offering variable rate auto loans, contrasting fixed rates common in Australia. As the RBA cuts rates, MoneyMe rapidly passes savings to customers, enhancing affordability and competition in the market, allowing consumers to enjoy lower repayments.