Pepper Money Limited (PPM.AX)
Pepper Money Limited operates in the Financial - Credit Services industry of the Financial Services sector, headquartered in North Sydney, NSW, AU. The stock last traded at $1.82, up 0.11% on the session, giving a market capitalisation of $816.3M. Its beta of 1.20 implies it has historically moved more than the broad market.
Pepper Money Limited, an Australian non-bank financial institution established in 2000 and headquartered in North Sydney, serves clients in both Australia and New Zealand. It primarily operates as a lender within the mortgage and asset finance sectors. The company's activities are structured into three main divisions. Its Mortgages division extends financing for residential properties and smaller commercial real estate projects. Through its Asset Finance segment, Pepper Money provides funding for a wide range of assets to both individual consumers and commercial enterprises. Furthermore, the Loan and Other Servicing division offers independent management services for various loans, including mortgages and personal loans, as well as handling broker administration. The entity was formerly known as Pepper Group Pty Limited.
Pepper Money Limited is most often compared with the following Financial Services names: