Pepper Money Limited, known as Pepper Money, is a consumer finance company that specialises in consumer

lending In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt ( ...

and

residential mortgages A mortgage loan or simply mortgage (), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any pur ...

. It is part of Pepper Financial Services Group, which has offices in Ireland, Spain, South Korea and the United Kingdom.

History

Pepper Money was founded in 2000 and is headquartered in

Sydney Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd ...

, Australia. Between 2006 and 2010 Pepper was operated by

Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated, doing business as Merrill, and previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investm ...

. In July 2015, Pepper listed on the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

(ASX) with a

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by ...

of A$470 million, which increased to $600 million in the first day of trading. Pepper Money was acquired by

KKR KKR may refer to: * KKR & Co., a global investment firm *Kolkata Knight Riders, an Indian Premier League franchise * Rheinsberg Nuclear Power Plant (), first nuclear power plant in the former East Germany * Kalkara, Malta, postal code KKR *Kir-Bala ...

for $657 million in November 2017 and was delisted from the ASX. In 2017 it partnered with Pollenizer to back SmallStash a

fintech Financial technology (abbreviated as fintech) refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, ...

start-up that aimed to focus on financial education for kids and assisting parents to better educate their children on money and savings. On 25 May 2021, Pepper was relisted on the ASX and has around 2000 employees worldwide.

Sponsorship

Pepper has sponsored the

St Kilda Football Club The St Kilda Football Club, nicknamed the Saints, is a professional Australian rules football club based in Melbourne, Victoria. The club plays in the Australian Football League (AFL), the sport's premier league. The club's name originates fro ...

since 2015, and previously sponsored the Western Sydney Wanderers Football Club between 2013 and 2018. Pepper Money was the principal sponsor of the

Illawarra Hawks The Illawarra Hawks (formerly the Wollongong Hawks and The Hawks) are an Australian professional basketball team based in Wollongong, New South Wales. The Illawarra Hawks compete in the National Basketball League (NBL) and play their home game ...

NBL team for the 2021 season.

References

{{Banking in Australia 2000 establishments in Australia Australian companies established in 2000 Financial services companies established in 2000 Companies listed on the Australian Securities Exchange Financial services companies based in Sydney Mortgage industry of Australia Mortgage lenders Financial advisors Asset management Kohlberg Kravis Roberts companies

History

Sponsorship

See also

References