Wisr shares soared last week after the neo-lender announced its continued trajectory of uninterrupted growth, originating $123 million of new loans in the fourth quarter of FY21, marking its 20th consecutive quarter of growth, achieving a 193% increase on the prior comparative period and a 27% increase on the third quarter of FY21.
Wisr is Australia’s first neo-lender with Financial Wellness Platform underpinned by consumer finance products, aimed at delivering smarter and fairer financial products and services to customers. The Wisr App helps customers pay down debt, complete multiple credit score comparisons, as well as provide content and other products.
Wisr has now reached $611 million in total loan originations since inception, the most recent $100 million written in less than three months. The Wisr Warehouse loan book balance has grown 342% on the pcp to $379 million as at 30 June 2021 (up from $86 million versus 30 June 2020), as the company scales towards a medium-term target of a wholly-owned $1 billion loan book.
Mr. Anthony Nantes, Chief Executive Officer, Wisr said, “It’s an incredible result to deliver 20 straight quarters of loan growth and another significant, and material step-change in our new loan originations. Wisr’s purpose-led model is attracting Australia’s most creditworthy customers as they leave the banks and seek a smarter, fairer deal, underpinned by an exceptional experience that actually improves financial wellness.”
Wisr also announced the launch of its first major national brand campaign, ‘For your smart part’, in support of the company's recent brand redesign. Positioned alongside iconic global and domestic brands, Wisr will be a broadcast and digital sponsor of Tokyo 2020 with Seven West Media, giving it a unique presence in Australian homes throughout the event.