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MONEYME has joined LMG’s lending panel just days after securing a new $125 million funding facility.
Aggregation group LMG has welcomed online lender MONEYME to its lending panel, making its range of financial products available to its group of more than 6,000 brokers.
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The ASX-listed lender MONEYME provides consumers with unsecured personal loans of up to $50,000, while its Autopay platform provides secured car loans alongside full and low document secured commercial options up to $100,000.
LMG said the move would provide an alternative finance option for brokers and their respective clients across the consumer and commercial asset space.
Welcoming MONEYME to its panel, LMG’s head of operations – asset finance, Tim Wells, noted the lender’s fast and flexible products as key reasons for adding it to the panel.
“We want to offer value and options to our brokers and their clients,” Wells said.
“Their flexible, fast options across both the consumer and commercial asset space allow us to continue to support our brokers. Having MONEYME on the panel ensures we can facilitate the types of deals our brokers are demanding – it’s a real value add to the network and broker businesses.”
MONEYME’s Autopay partnership director, Alex Luther, said: “Our products align with LMG’s innovative solutions, leveraging ‘smart technology’ to revolutionise how Australians access credit.
“Our unsecured loans and credit lines, powered by Autopay’s digital platform, offer flexible financing tailored for brokers, with up to $50,000 available on the same day. Staying true to our commitment to transparency, brokers can trust that we deliver creative solutions for unique consumer and business scenarios.”
“The MONEYME team is excited to collaborate with Australia’s largest aggregator, leveraging their network of skilled and diverse brokers to help clients thrive.”
MONEYME secures $125 million funding facility
The move comes after MONEYME revealed it had secured a new funding facility.
In December, MONEYME formed a strategic funding partnership with alternative asset investment platform iPartners, which saw the lender secure a $125 million corporate funding facility.
The new facility replaces its existing facility on “substantially better commercial terms”, according to the lender, and refinances MONEYME’s existing corporate debt (originally maturing in November 2025 with no early payment costs).
The agreement will also enable loan book growth and provide general working capital, MONEYME stated.
The initial draw down on the facility will be $65 million, with a further $60 million accordion facility available on an uncommitted basis.
Terms of the facility include a four-year bullet repayment at maturity in December 2028.
MONEYME’s managing director and CEO, Clayton Howes, said: “This funding partnership with iPartners is significant for MONEYME and supports our strategic objectives.
“This 2.5x larger facility, at a greatly reduced funding cost, and importantly without dilution to shareholders, will unlock significant incremental growth opportunities for the group and support our continuing growth strategy in 2025 and beyond.”
“We are pleased to have executed this part of our strategy ahead of time, and we are excited to begin the new year with this in place.”
iPartners co-founder and CEO Travis Miller said: “We have watched MONEYME’s impressive growth across various securitisations, funding programs and product suite and wanted to get involved.
“We are excited now to have a seat at the table and to have done our part in helping achieve their next phase of growth.”
MONEYME posted strong quarterly results for the opening of its 2025 financial year, boosted by growing demand for car loans.
[Related: LMG launches new product in lending line]
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