Plenti Group Ltd
Plenti Group Limited is an Australia-based fintech lending and investment company, which provides loans through leveraging its technology.
The business
Plenti Group Limited is an Australia-based fintech lending and investment company, which provides loans through leveraging its technology. The Company provides automotive, renewable energy and personal loans, and is focused on borrowers with a strong credit profile. Additionally, it seeks to provide retail investors with returns by investing in loans via its lending marketplace. The Company's activities include the facilitation of investment opportunities for investors (through the Plenti Lending Platform and Plenti Wholesale Lending Platform) and the funding of loans via the Company’s warehouse and asset backed securities (ABS) programs. The Company's loan types include personal loans, car loans, debt consolidation loans, holiday loans, electric vehicle loans, medical loans, wedding loans, renovation loans, motorbike loans, moving costs loans, boat loans, legal fee loans, solar and battery loans, and caravan loans. The Company operates primarily in Australia.
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Latest news
Plenti Group reports strong revenues on the back of $2b loan portfolio
Consumer lender Plenti Group (ASX: PLT) has cited an increased loan portfolio as the key to its strong financial performance for the three months to end September. The portfolio — which is a key driver of revenue — increased to $1.99 billion, representing a 29% increase from the previous corresponding period and a 5% increase […]
Plenti Group achieves record September quarter, brings forward $1b loan book target
Fintech lender Plenti Group (ASX: PLT) has achieved another record quarter for the three months ending September (Q2 FY2022), which has brought forward the company’s $1 billion loan book target to December instead of March 2022. Plenti’s quarterly loan origins for Q2 FY2022 were up 140% to $256.4 million compared to $107 million in Q2 […]
Plenti launches $306 million debut auto ABS deal
On the ambitious path to build a $1 billion loan book, Plenti Group (ASX: PLT) has achieved one of its key strategic objectives with the launch of its first asset-backed securities (ABS) deal. In the last week, the fintech lender announced the pricing of the debut transaction, through which it is issuing $306.3 million of […]
Plenti Group progresses towards $1bn loan book following another record quarter
Fintech lender Plenti Group (ASX: PLT) is on its way to achieving a $1 billion loan book after achieving another record with loan originations for the June 2021 quarter 260% higher than the previous corresponding period. Driving the record performance was a an all-time high of $83.4 million in monthly loan originations for June – […]
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