Money3 Corp. Ltd. is a non-bank credit provider. The company is headquartered in Melbourne, Victoria. The firm specialises in the provision of finance and other related services to assist consumers with the purchase of a new or used vehicle, such as cars, vans, utility vehicles, bikes, scooters, boats, yachts, jet skis, caravans, floats, campervans, trailers, excavators, trucks, diggers, and tractors as well as offering unsecured personal loans to consumers. The company operates three brands: Money3, Automotive Financial Services, and Go Car Finance. The firm’s segment includes Australia and New Zealand. Its Australia segment provides lending facilities in Australia generally based on the provision of an underlying asset as security, generally referred through a broker or distributed directly through digital channels. Its New Zealand segment provides lending facilities in New Zealand based on the provision of an underlying asset as security, referred through a dealer.
MONEY3 Corporation (ASX: MNY)
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Money3 adds $23m Holden loan book amid shutdown, pays just $17m
January 18, 2021
As part of the planned shutdown of Holden by owner General Motors, lending company Money3 (ASX: MNY) has acquired a $23 million loan book from the automaker on Holden purchases over the last two years at just a fraction of the book’s value. The tack-on acquisition which will have minimal labour expense will shift the
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