Non-bank lender MONEYME has successfully priced a $455.4 million asset-backed securitisation (ABS) for its secured car loan product, Autopay. The transaction, expected to settle on Thursday, November 27, marks the company’s second major auto bond deal, following a $517.5 million transaction completed earlier in the financial year.
The deal highlights the rapid expansion of the lender’s auto finance division. In the 2025 financial year, MONEYME’s Autopay loan book grew by 47% to reach $912 million. This growth was driven by a strategic push to widen distribution, with the company increasing its network of broker and dealer referral partners by more than 50%.
The timing of the transaction aligns with MONEYME’s recent expansion into the private sales market. This sector currently accounts for more than half of all used car sales in Australia, providing a significant opportunity for future lending. As major banks continue to retreat from the auto finance sector, non-bank lenders are increasingly stepping in to fill the market gap.
Investor demand for the transaction reportedly exceeded the volume of notes offered, signalling confidence in the credit quality of the Autopay book. The deal is expected to reduce the company’s cost of funds and release capital to support further growth. This follows a period of strong performance for the lender, which saw its total loan book increase by 28% to $1.6 billion in FY25.
MONEYME has focused heavily on shifting its portfolio towards secured assets, which now comprise 62% of its book. This strategy appears to be resonating with partners. Alan Lishman, general manager at Dutton Financial Services, noted in the company’s AGM presentation that “Autopay has completely taken the friction out of auto finance and no other lender can seem to match their speed.”
With this latest transaction, the company noted it is solidifying its standing in the debt markets. “With approximately $700 million in asset-backed securitisations during the year, MONEYME is now firmly on the radar of the global debt capital markets,” chair Jamie McPhee said at the AGM.
