Credit provider and market debutant, ZipMoney, says the amount of money it has lent to consumers has climbed 80 per cent in the past three months.

ZipMoney, which listed on the Australian Securities Exchange by moving into the shell of junior gold and base metals explorer Rubianna Resources, started trading on the ASX on Monday.

ZipMoney offers point of sale credit of $500 to $10,000 and digital payment services to “prime” or “near-prime” consumers in the areas of retail, travel, education, cosmetics and elective health.

The company says it does not target sub-prime or payday borrowers.

As of June 30, 2015, ZipMoney had lent about $5 million through its network of more than 100 merchants and more than 5000 customers.

ZipMoney said that in the three months since, it had lent consumers more than $4 million, bringing the total sum lent to more than $9 million.

ZipMoney’s revenue is generated through various fees – for merchant services, customer establishment, monthly services, interest and others.

Rubianna was suspended from trading in July 2015 after its shareholders voted to change the nature and scale of the company’s activities and take over zipMoney.

As part of Rubianna’s acquisition of ZipMoney, the company raised $5 million through the issue of shares at 20 cents each.

When Rubianna was suspended from quotation on July 28, its shares were at 30 cents.

AAP