Money3 Corporation (Small loans company)
This specialist non-bank finance provider offers car loans up to $50,000 over periods of up to 60 month and personal loans up to $12,000 for many purposes. The company is experiencing strong growth thanks to an expansion in its loan book. In FY20 revenue grew 35% to $124m while normalised EBITDA rose 31% to $60.7m. About 23% of the loan book is ‘watch list’ or below but the pricing of loans more than makes up for this.