MoneyLoop was founded in January 2018, with the sole goal of enabling consumers to manage their unexpected emergency expenses better.
We noticed that nearly 3 in 5 Australians do not have access to $3,000 in an emergency, and 1 in 5 do not have $1,000 in savings.
This eventually makes claiming on their insurance product not only emotionally stressful but also financially.
We strongly believe in
To help people through the challenging times of an 'insurance' emergency with unconditional, stress and interest-free excess.
Finding cash for your insurance excess can be emotionally stressful and financially challenging. We're on a mission to make sure that the excess claims process is never stressful again.
Loans financed...and counting
Loans turned away
“I wouldn’t have been able to pay my [excess] if it wasn’t for MoneyLoop. The company would have cancelled my contract and I would have been stuck without a car. It’s been a lifesaver!”
“This allows our customers to drive for longer because it gets our cars back on the road sooner. Splend gets improved revenue and lower costs.”
“I didn’t even know a product like this existed. I received an unexpected bill for $1,300 for hail damage and the MoneyLoop product and service has been amazing.”
“This helps our customers and solves a huge problem for us around customer retention."