May 2026
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Largest Online Lending Public Companies in Australia
Benchmark revenue and EBITDA valuation multiples for public comps like
Zip, Pepper Money, Humm Group, Solvar and Plenti Group.
 | Zip is a credit provider operating two segments: Australia and New Zealand, and the US. Founded in Australia in 2013, it has over 6 million active customers and partners with over 85,000 merchants. In Australia, Zip positions itself as a credit card alternative, with several revolving credit products. Customers can carry the balance over time with a monthly fee and set their own repayment schedule. The US and New Zealand offering is a far more vanilla BNPL offering: Pay-in-4 in New Zealand and Pay-in-Z in the US, where customers pay back in fixed instalments. The US segment is built on the 2020 acquisition of QuadPay and has recently become Zip’s largest and fastest-growing segment. | BNPL+2 | $2 | -21% | $2B | $4B | 5.0x | 15.9x | |
| Pepper Money Ltd provides a variety of home loan solutions. The company also provides car loans, personal loans, loans for equipment, asset finance, commercial loans, and others. The company operates in three reportable segments Mortgage, Asset Finance, and Loan and Other Servicing. The maximum revenue is derived from the Asset finance segment. The Asset finance segment includes financing a range of asset types for consumer and commercial customers. | $1 | -5% | $547M | $13B | 45.3x | - | ||
| Humm Group Ltd is a diversified financial services company that provides instalment plans which enable businesses and consumers to make large purchases. hummgroup operates in Australia, New Zealand, Ireland, Canada and the United Kingdom. Its principal activities inlcude Commercial Lending in Australia and New Zealand; Point of Sale Payment Plans; Australia Cards (humm90); and New Zealand Cards (including Farmers Finance Card, Farmers Mastercard, Q Card, Q Mastercard and Flight Centre Mastercard). Its segment includes: Commercial; PosPP; Cards NZ; Cards AU; and Corporate. | BNPL+2 | $0 | +1% | $204M | $3B | 7.1x | 12.5x | |
| Solvar Ltd is a financial services company specializing in providing finance and other related services to assist consumers with the purchase of a new or used vehicle, as well as offering personal loans to consumers. The group also provides strategic corporate customers with fleet funding facilities. Solvar's products and services can be accessed through brokers, dealers, and directly through its websites and referral partners. It operates through three core brands: Money3 and Automotive Financial Services in Australia and Go Car Finance in New Zealand. The group's operating segments are Australia and New Zealand. It generates maximum revenue from the Australia segment, which provides lending facilities in Australia, generally based on the provision of an underlying asset as security. | $1 | -16% | $195M | $546M | 3.8x | 7.8x | ||
| Plenti Group Ltd is a technology-led consumer lending and investment company. The company offers loan products under three verticals namely, Automotive lending, which provides finance to personal and commercial customers for the purchase of new or used motor vehicles; Renewable energy lending provides finance to Australian households for the purchase and installation of renewable energy products such as solar panels and batteries; and Personal lending provides fixed-term, unsecured, interest-bearing loans used for purposes such as debt consolidation, home improvement, travel expenses, medical expenses, and other purposes. Geographically, the company operates only in Australia. | $1 | -7% | $104M | $2B | 9.6x | 16.5x | ||
| Credit Clear Ltd is engaged in the business of providing financial services. Its provision of debt resolution services and the ongoing technology development and implementation of the Company’s digital engagement platform. The Group also provides commercial legal expertise as part of its full end-to-end collections management service. Its segments include Collections and Legal Services. The company generates maximum revenue from the Collections segment. Geographically, it derives a majority of its revenue from Australia. | $0 | -15% | $72M | $55M | 1.6x | 11.4x | ||
| Harmoney Corp Ltd operates in the consumer credit industry. It provides customers with secured and unsecured personal loans that are easy to access, competitively priced using risk-adjusted interest rates, and accessed completely online. Geographically, the group generates maximum revenue from its business in Australia, and the rest from New Zealand. | $1 | +51% | $59M | $637M | 6.7x | 14.0x | ||
| MoneyMe Ltd is engaged in providing consumer finance. It offers various types of loans personal loans, cash loans, quick cash loans, and short-term loans, among others. It also offers a range of credit cards. | $0 | -48% | $48M | $1B | 8.4x | 14.3x | ||
| Beforepay Group Ltd operates in the pay-on-demand industry. It offers an app that helps users access their Pay On-Demand, track their spending habits, and learn how to budget. The Group is organised into one operating segment, being the provision of finance to its customers by way of salary advances. | BNPL+2 | $1 | -22% | $45M | $62M | 2.1x | 7.6x | |
| Wisr Ltd is a fintech company that operates in the Australian consumer finance market. Through its digital lending platform, the company provides personal loans and secured vehicle loans for different maturity periods to Australian consumers. It also offers various financial tools and products such as Debt Bustr, Round Up, Breach Alert, and the feature to check credit scores to help customers make smarter money decisions. The company has one operating segment, being the provision of personal loans to consumers, and operates only in Australia. | $0 | -19% | $27M | $669M | 10.4x | 18.6x | ||
| Butn Ltd is a B2B funder innovating the way SMEs fund and grow their businesses. It focuses on transactional funding helping businesses through their working capital constraints by financing individual transactions, leveraging end debtor's credit. The company earns revenue by charging a fixed funding fee on each transaction funded. The company has one operating segment, namely transactional funding. | BNPL+2 | $0 | -85% | $4M | $42M | 4.1x | 10.2x | |
| Median | $1 | -16% | $72M | $669M | 6.7x | 13.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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