ASX-listed fintech Wisr Limited announce its continued trajectory of uninterrupted growth, originating $123 million of new loans in Q4FY21, its 20th consecutive quarter of growth.
Delivering a phenomenal 20 consecutive quarters of growth, Wisr continues its market-leading momentum, with loan volume of $123 million 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 $611 million in total loan originations since inception, the most recent $100 million written in less than three months. The Wisr Warehouse (including recent Freedom Trust Securitisation) loan book balance has grown 342% pcp to $379 million as at 30 June 2021 (up from $86 million 30 June 2020), as the Company scales towards the medium-term target of a wholly owned $1 billion loan book.
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 Nantes.
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Source: https://australianfintech.com.au/wisr-delivers-its-20th-consecutive-quarter-of-growth/
