Director, RaaS Research Group, Research as a Service (RaaS)

Research as a Service (RaaS)

Director, RaaS Research Group

Insightful Financial Models and Research Analysis

Connect to the right investors through smart and insightful financial models and research analysis.

Equity Bottom-Up

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<p><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank"></a><a target="_blank">Plenti Group (ASX:PLT) launched in 2014 as RateSetter Australia, rebranded in August 2020 (recognising the significant evolution of the business) and listed on the ASX in September 2020, raising $55m. PLT offers three types of loan products to personal and commercial customers via simple digital experiences; secured automotive loans, unsecured renewable energy loans and unsecured personal loans. The loan book has grown at 39% p.a. since H1 FY18, reaching $508m in H1 FY21 and driving a 43% rise in revenue in the twelve months prior to listing. Loan origination in three quarters of FY21 has exceeded the full year of FY20. Plenti has been recognised by rating agencies as providing a high-quality offering and borrowing experience for customers, highlighting the ease of use of PLT’s digital loan application process. &nbsp;A clear focus on credit risk via integrated credit rating data and a risk-adjusted offer to the borrower is the fundamental value adding approach of PLT’s model. This discipline is enabled by the internally developed technology platform (Venus) which allows PLT and third parties to process loan applications and administer loans in an efficient and integrated process. Plenti’s chosen lending verticals are subject to significant supply constraints post-GFC regulatory changes - including withdrawal of significant international lenders, providing PLT a clear opportunity in the market. </a></p>
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Plenti Group (ASX:PLT) launched in 2014 as RateSetter Australia, rebranded in August 2020 (recognising the significant evolution of the business) and listed on the ASX in September 2020, raising $55m. PLT offers three types of loan products to personal and commercial customers via simple digital experiences; secured automotive loans, unsecured renewable energy loans and unsecured personal loans. The loan book has grown at 39% p.a. since H1 FY18, reaching $508m in H1 FY21 and driving a 43% rise in revenue in the twelve months prior to listing. Loan origination in three quarters of FY21 has exceeded the full year of FY20. Plenti has been recognised by rating agencies as providing a high-quality offering and borrowing experience for customers, highlighting the ease of use of PLT’s digital loan application process. &nbsp;A clear focus on credit risk via integrated credit rating data and a risk-adjusted offer to the borrower is the fundamental value adding approach of PLT’s model. This discipline is enabled by the internally developed technology platform (Venus) which allows PLT and third parties to process loan applications and administer loans in an efficient and integrated process. Plenti’s chosen lending verticals are subject to significant supply constraints post-GFC regulatory changes - including withdrawal of significant international lenders, providing PLT a clear opportunity in the market. 







Plenti Group (PLT) - A Next Generation Platform

Australia

Plenti Group Limited provides consumer finance services. The Company provides personal, car, and green loans. Plenti Group serves customers in Australia.

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