Plenti (ASX: PLT) fast-tracks $1 billion loan book target after record quarter (w/ Daniel Foggo)
Plenti Group (ASX: PLT) founder and CEO Daniel Foggo joins Small Caps to discuss the company’s record performance in the September quarter which saw 140% year-on-year growth in loan originations. As a result, the fintech lender has accelerated the timeframe in which it hopes to achieve a $1 billion loan book – this December instead of March 2022. Plenti also anticipates it will be cash flow positive in this timeframe. Driving the company’s growth in the September quarter was record loan originations across its automotive, renewable energy and personal lending verticals.See omnystudio.com/listener for privacy information.