Money3 short term lender roll up proceeds 11 December 2014 4:51PM Ian Rogers Money3 will acquire the "assets and business" of Paid International, the Melbourne-based financier confirmed yesterday.Money3 has consolidated more than half a dozen short term lenders under its wing over the last couple of years and aims to detach the sector from the label of 'payday lenders'.The company sold A$20 million in new shares to help fund the purchase and refinance the loan book of the target.The firm will pay $4.5 million for the Paid business, which includes the brands Cash Train, Money Stop and Handy Cash.Other short-term lenders taken over by Money 3 recently include Amazing Loans, Personal Finance Co, Summit Loans, Money Centre and Aussie Cash.