WZR Delivers 20th Consecutive Quarter of Growth
Released
Released
Announcement PDF
ASX RELEASE
Wisr Trading Update
Wisr Delivers 20th Consecutive Quarter of Growth,
Wisr Warehouse Loan Book grows 342% pcp
Sydney, 19 July 2021 - Wisr Limited (ASX: WZR) (ACN 004 661 205) (“Wisr”, or the “Company”) is
pleased to announce its continued trajectory of uninterrupted growth, originating $123M of new loans
in Q4FY21, its 20th consecutive quarter of growth.
LOAN UPDATE HIGHLIGHTS:
-
-
New loan originations up: record growth of $123M, a 27% increase on Q3FY21 ($97M) and a
193% increase on Q4FY20 ($42M)
The Wisr Warehouse (including recent Freedom Trust securitisation) Loan Book balance now
at $379M, growth of 342% pcp ($86M Q4FY20)
Total loan originations now $611M as at 30 June 2021 (149% Growth from pcp)
A strong focus on yield and profitability through a balance between secured and unsecured
lending remains, showcasing Wisr’s ability to profitably attract Australia’s most creditworthy
customers and take market share
Wisr Limited ACN 004 661 205
55 Harrington Street, The Rocks NSW 2000
1
Q4 LOAN ORIGINATIONS:
Delivering a phenomenal 20 consecutive quarters of growth, Wisr continues its market-leading
momentum, with loan volume of $123M for the three months ending 30 June 2021. This represents a
193% increase on Q4FY20 (pcp) and a 27% increase on Q3FY21.
Wisr has now reached $611M in total loan originations since inception, the most recent $100M written
in less than three months. The Wisr Warehouse (including recent Freedom Trust Securitisation) loan
book balance has grown 342% pcp to $379M as at 30 June 2021 (up from $86M 30 June 2020), as the
Company scales towards the medium-term target of a wholly owned $1B loan book.
COMMENTARY:
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.”
“Since launch, our secured vehicle product continues to deliver ahead of expectations and there is a
massive runway of growth ahead for us in that category. We're delivering a clear competitive
advantage through our differentiated business model, consumer financial well-being proposition,
technology platform and funding capability. Importantly, our unique financial wellness platform
strategy continues to deliver for us, enabling our vision to build an industry changing consumer
finance company, with market leading metrics across all categories.” finished Mr. Nantes.
-endsThis announcement has been approved in accordance with the Company’s Continuous Disclosure Policy and
authorised for release by the Board of Directors.
For further investor enquiries, please contact:
Vanessa Chidrawi
Company Secretary
E: investor@wisr.com.au
Wisr Limited ACN 004 661 205
55 Harrington Street, The Rocks NSW 2000
2
About Wisr Limited
Wisr (ASX: WZR) is Australia’s first neo-lender with a commitment to the financial wellness of all Australians,
through providing a smarter, fairer and wiser collection of financial products and services. Wisr provides a unique
Financial Wellness Platform underpinned by consumer finance products, the Wisr App to help Australians pay
down debt, multiple credit score comparison service, combined with content and other products that use
technology to provide better outcomes for borrowers, investors and everyday Australians.
For more information visit www.wisr.com.au
Wisr Limited ACN 004 661 205
55 Harrington Street, The Rocks NSW 2000
3
Share your feedback
Discover