Moneytech Finance 4.65% 17-Apr-22 Subordinated Note Factsheet
Moneytech is a commercial finance company which was founded by CEO Hugh Evans and has operated in Australia since 2003 offering technology-driven trade and debtor finance to small and medium businesses. Moneytech’s customers come from a diverse range of industries, however, are focussed in the wholesale distribution sectors. Moneytech offers two products:
• Trade Finance which is a trade finance product offering limits from AUD25,000 to AUD2.5m, and; Note: Access to the content will require a FIIG client login
• Debtor Finance which is an invoice receivable product with limits from AUD250,000 to over AUD10m
Although generally higher risk, these products generate short-term, high margin receivables which Moneytech funds through debt with a corresponding cash reserve to guard against losses and operating costs. In a distressed scenario, to further guard against losses, Moneytech insures the portfolio with global insurer Euler Hermes, a majority owned subsidiary of Allianz.
The Notes are issued by Moneytech Finance Pty Ltd, the operating and financing subsidiary of Moneytech Limited.