
Fintech lender Plenti Group (ASX:PLT) achieved record quarterly loan originations of $536 million for the quarter ended June 30.
This result represents a 22% increase from $437 million in the prior corresponding period and 13% quarter-on-quarter growth.
The company reported that its total loan portfolio expanded 23% year-on-year to reach $3.3 billion.
Quarterly revenue rose 16% to $10.7 million.
Following the announcement, the Plenti Group share price was unchanged at $0.70.
Credit quality remained stable, with 90-plus day arrears finishing the quarter at 46 basis points.
The business was also named a finance provider for the New South Wales Government’s $480 million energy saver programme.