About Us › History
History
Since 2000 we've been helping our customers achieve their dreams with finance for their vehicles and personal needs.
2022
2022
Money3 Corporation Limited (the parent company) changed its name to Solvar Limited.
2021
2021
Money3 entered the near-prime automotive market via the acquisition of Automotive Financial Services (AFS) and Holden Financial Services (GMFA) legacy loan book.
45.1% increase in loan book to $637.5m as at 30 June.
2020
2020
Established of a warehouse securitisation facility with a consortium of major banks to fuel loan book growth towards $1bn
Company raised $50m via an equity placement to institutional investors and Share Purchase Plan to shareholders
Gross loan book grew to $433.8m
2019
2019
Money3 exited SACC lending. Sale of all SACC lending brands inclusive of Cash Train, First Stop Money, Handy Cash and Money3 Branches
Expanded into New Zealand market with the acquisition of Go Car Finance (NZ) 48% growth in gross loan book
25% growth in revenue
1 in 500 registered vehicles in Australia had a loan with Money3
1 in 800 registered vehicles in New Zealand had a loan with Go Car Finance.
2018
2018
Gross loan book grew to $308.1m
Group NPAT increased 10.1% over prior period
In excess of $1bn of loans originated for consumers
Entered the ASX300
2017
2017
Establishment of a new secured funding facility with Fortress Investment Group to underpin loan book growth
2016
2016
Gross loan book grew to $198.8m
2015
2015
Scott Baldwin was appointed as Chief Executive Officer
Announced the transition out of some small amount credit contract products
2014
2014
Acquisition of Paid International, which includes brands Cash Train, First Stop Money and Handy Cash
Gross loan book grew to $22.4m
2013
2013
Money3 Head Office and Secured Loan Centre relocated to Bundoora, Melbourne
Acquired 41 Cash Store businesses and outstanding loan book of Assistive Finance Australia
Gross loan book grew to $10.6m
2011
2011
Acquisition of Tasmanian credit provider Personal Finance Co.
2010
2010
Launched of Auto Loans Product
2009
2009
Launched of Online Loans
2007
2007
Established Money3 Secured Loan Centre to execute broker referrals
2006
2006
Money3 Corporation Limited was listed on the ASX
2005
2005
Changed trading name to “Money3 Corporation Limited”
2003
2003
Loan book funding increased via debt and equity placement.
Opened three new locations.
2001
2001
Commenced trading as “Money Plus”.