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

lending In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc. The recipient (i.e., the borrower) incurs a debt and is usually liable to pay interest on that d ...

and residential mortgages. 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 state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...

, Australia. Between 2006 and 2010 Pepper was operated by

Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment bank ...

. In July 2015, Pepper

listed Listed may refer to: * Listed, Bornholm, a fishing village on the Danish island of Bornholm * Listed (MMM program), a television show on MuchMoreMusic * Endangered species in biology * Listed building, in architecture, designation of a historicall ...

on the

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

(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 t ...

of A$470 million, which increased to $600 million in the first day of trading. Pepper Money was acquired by KKR for $657 million in November 2017 and was delisted from the ASX. In 2017 it partnered with Pollenizer to back SmallStash a

fintech Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are r ...

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, Australia, Victoria. The club plays in the Australian Football League (AFL), the sport's premier league. The club ...

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) is 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.

Awards

In 2019, Pepper won the Best Non-Bank Lender in the annual Australian Lending Awards. In 2021, Pepper won the Best Specialist Lender in the Australian Lending Awards. In 2022, Pepper won Non-Bank of The Year at the Australian Mortgage Awards and was listed as a top-10 innovator on

AFR AFR may refer to: * ''AFR'' (film), a 2007 film * Afrikaans language, ISO-639 code * Air France, ICAO code * Air–fuel ratio * Armed Forces Radio * Alternate frame rendering * American Family Radio * American Film Renaissance * American flag rug ...

BOSS' Most Innovative Companies list.

References

{{KKR Asset management Companies based in Sydney Companies listed on the Australian Securities Exchange Kohlberg Kravis Roberts companies Mortgage lenders 2000 establishments in Australia