Plenti Group Ltd
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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 – […]