Tuesday 24 July 2018 by FIIG Research Company factsheets

Moneytech Finance 4.65% 17-Apr-22 Subordinated Note Factsheet

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;
• 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.

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