Failed 2023
Plenti (Stock Collapse)
ASX-listed Plenti's stock fell over 80% as Australian P2P lending margins evaporated under the rate cycle.
Founded → Closed
2014 → 2023
Funding Raised
$70M
Industry
Fintech/Lending
Country
Australia
Full Analysis
Sydney-based Plenti listed on the ASX in 2020 as Australia's leading consumer marketplace lender. After peaking near AUD$1.50/share, the stock fell over 80% by 2023 as rising rates compressed lending margins. The company remains operational but the public-market value destruction is a cautionary case for Australian lending fintechs.
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