Company Interview / MoneyMe banking on AI

David Wright from MoneyME (ASX: MME) shares insights on the company's recent performance, noting a strong operating cash profit and significant growth in loan originations by nearly 60%. With a 20% increase in their loan book to $1.4 billion, David highlights a strategy focused on quality, secured lending, and stable profits.

David points out MoneyME's advantage as a largely variable rate provider, which benefits them with rate cuts, adding volume and enhancing quality. He foresees continued growth in loan originations, boosted by new credit card products and expanding personal loans, maintaining current rates of expansion.

On competition, David emphasises MoneyME’s technological edge through their Horizon platform, noting its quick settlement times and superior user experience. The company's adoption of AI is set to enhance customer interactions, and their strategic funding partnership with AI partners provides long-term financial security, enabling future growth without needing to tap markets.