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Company Overview

Money3 Corporation Limited (the Group, ASX: MNY, Money3) is a leading provider of consumer and commercial finance across Australia and New Zealand. Money3 was established in 2005 to consolidate 9 separate Money3 trading companies that had been providing consumer finance across Victoria since 2000.

Money3 listed on the Australian Stock exchange in 2006, raising $4.5 million to fund further expansion of the Groups branch network and lending operations. Post listing, the Group grew organically and via several strategic acquisitions, expanded its geographic footprint across Australia.

After a strategic review, Money3 sold its branch network in 2019 to focus on expanding its market share in automotive finance. Today, Money3 Corporation comprises operations in Melbourne, Sydney, Brisbane, Perth, and Auckland while employing over 300 finance professionals.

Currently, the Group operates three core brands - Money3 and Automotive Financial Services in Australia and Go Car Finance in New Zealand.

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The Group specialises in the provision of finance and other related services to assist consumers with the purchase of a new or used vehicle (for example: cars, vans, utility vehicles, bikes, scooters, boats, yachts, jet skis, caravans, floats, campervans, trailers, excavators, trucks, diggers, tractors to name a few) as well as offering unsecured personal loans to consumers. Commercial loans are offered mainly to small businesses and sole traders for the purchase of a vehicle or piece of equipment to support their business operations. The also has several large corporate customers that it provides fleet funding for.

The Group continues to expand its product offering assisting customers with the purchase of a vehicle, leisure assets, repairs and maintenance, medical and dental needs and holidays.

Customers can access the Groups products and services by a large distribution network of Brokers, Dealers and directly via the Groups websites.

Assessment suitability and affordability

Assessment starts by collecting customers' data via an application form and feeding the data into the groups assessment processes. Application data is typically augmented with data provided by third parties, banks and credit bureau’s to access the application for loan affordability.

We employ stringent standards of credit assessment and responsible lending built from our experience and in line with the regulatory requirements. Direct engagement with customers is a key part of our decisioning process. This enables us to understand our customers' needs in a better way.

Our partner relationships with our brokers and dealers also play an integral role in delivering suitable products and services to our customers.

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