Plenti delivers another record quarter
Highlights:
? Record loan originations of $130.9 million, 58% above prior corresponding period and 22% above prior quarter
? Total loan portfolio increased to $508 million, 46% above prior corresponding period
? Three further record loan origination months, during which $1 billion in cumulative lending and >$500m loan portfolio milestones were achieved, both ‘firsts’ for an Australian FinTech consumer lender
? Funding headroom increased materially through automotive loan warehouse facility upsize and introduction of new $100 million renewable energy and personal loan warehouse facility
? Loan portfolio continues to demonstrate strong credit performance, with low levels of losses and 90+ day arrears declining to 0.32%
? Well positioned to maintain growth across key lending verticals