MoneyMe / SocietyOne 2021
MoneyMe acquired SocietyOne on December 17, 2021.
- Target
- SocietyOne
- Acquirer
- MoneyMe
- Announced
- December 17, 2021
- Sub-sector
- Lending
Transaction overview
- MoneyMe announced the acquisition of SocietyOne on December 17, 2021.
- The deal is expected to close pending customary conditions.
Strategic rationale
Consolidation in Australian fintech personal lending; MoneyMe scales lending book by 72% to nearly $1 billion AUD.
Deal terms & multiples
Frequently asked questions
When did MoneyMe announce the acquisition of SocietyOne?
MoneyMe announced the acquisition of SocietyOne on December 17, 2021.
What sub-sector is SocietyOne in?
SocietyOne is tracked in the Lending sub-sector.
Sources
- afr.com /companies/financial-services/moneyme-to-acquire-societyone-as-fintech-personal-lenders-seek-scale-20211217-p59ict