Fintech firm Plenti Group (ASX:PLT) has surpassed its $3 billion loan portfolio target as of January, achieving the strategic milestone well ahead of its March deadline.
The announcement follows a third quarter where the company reported its fifth consecutive record for loan originations, totaling $480 million—a 25% increase over the same period last year.
The company's growth was broad-based across its core lending verticals.
Renewable energy loans led the surge with a 33% year-on-year increase, supported by government battery incentive programs, while automotive and personal lending grew by 29% and 18% respectively.
Despite a brief 50-basis-point spike in market funding costs late in the year, Plenti adjusted its pricing by January to recover margins without dampening customer demand.