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- MoneyMe (MME) is partnering with Platform Finance to bring its Autopay car finance solution to brokers across Australia
- Platform Finance is Australia’s largest asset finance aggregator and part of ASX-listed COG Financial Services (COG)
- Under the deal, hundreds of Platform’s brokers will be able to access MME’s same-day auto finance product
- The brokers will be able to access Autopay from this month onwards and MME believes the partnership may grow loan originations
- Shares in MoneyMe closed up 1.51 per cent at $2.02 apiece
MoneyMe (MME) is partnering with Platform Finance to bring its Autopay car finance solution to brokers across Australia.
Platform Finance describes itself as Australia’s largest asset finance aggregator, while the business also forms part of ASX-listed COG Financial Services (COG).
Under the deal, hundreds of Platform’s brokers would be able to access MME’s same-day auto finance product.
MoneyMe said the brokers would be able to access Autopay from this month onwards and MME believes the partnership may grow loan originations
COG reported $5.1 billion in asset finance originations in FY21, with MME Managing Director and CEO Clayton Howes saying it was an exciting partnership.
“As a market leader in asset finance, Platform Finance is a great partner for us,” Mr Howes said.
“They have a very good reputation and strong relationships with brokers as well as a track record of billions in loan originations.
“We know brokers will love the Autopay product and the benefits it brings
their clients.”
The announcement on Tuesday has sent MME’s share price trade up over 4 per cent in midday trade.
Shares in MoneyMe closed up 1.51 per cent at $2.02 per apiece.
