MoneyMe Closes Record $365M ABS Deal to Fund Growth at Lower Funding Costs
MoneyMe has closed its largest-ever personal loan ABS transaction at $365.4 million — an 80% increase on its prior record — bringing total FY26 ABS issuance to over $1 billion and signalling accelerating institutional confidence in the fintech lender's loan book.
Key Takeaways
- MoneyMe's $365.4 million MME PL ABS 2026-1 transaction is the company's largest personal loan ABS deal to date, representing an 80% increase on the previous record of $202.75 million.
- The Class A notes, comprising 63% of the pool, received an expected AAA (sf) credit rating from Fitch Ratings and priced at 120 basis points over 1-month BBSW.
- Total ABS issuance for FY26 has now reached $1.023 billion across three public capital markets transactions, reflecting a maturing and scalable funding platform.
- The transaction was upsized due to significant excess demand from both domestic and offshore institutional investors, pointing to strong market confidence in MoneyMe's underwriting quality.
- CEO Clayton Howes connected the deal directly to increased growth capital, reduced cost of funds, and improving net interest margins for the business.
9/10 
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