Wisr added to Platform Finance panel as it strengthens business team
Wisr, Australia’s first neo lender (ASX: WZR), has joined the consumer lending panel of one of the country’s biggest finance broker communities and strengthened its business teams. Platform Finance, part of the Consolidated Operations Group (ASX: COG), has finance brokers across Australia and will now be able to offer their consumer clients access to Wisr’s unsecured personal loans. This appointment follows a period of real growth in Wisr’s personal loan business through the broker channel. The company has recorded 46% quarter on quarter growth in loan settlements through the broker channel as at 30 September 2018. Today more than half of all finance brokers are able to assist clients with […]
Wisr tech upgrades lower average interest rate, drive growth and creditworthiness
Wisr, Australia’s first neo-lender (ASX: WZR), saw continued strong loan growth and customer acquisition in the first quarter of the 2019 financial year. Between July and September 2019 the company saw loan origination value grow by 49% when compared to the previous quarter, as well as 22% increase in overall loan volume. The result is the third consecutive quarter that Wisr has recorded quarterly loan growth in excess of 45%. The company also announced it had surpassed $50 million in loan originations since beginning operations, almost half of which were written from the beginning of 2018. Anthony Nantes, Chief Executive Officer, Wisr said borrower shift away from traditional lenders, brand […]
Wisr shortlisted for two Optus My Business Awards
Australian neo-lender Wisr (ASX: WZR) is in the running to take out one of county’s longest-standing business awards after being shortlisted for the prestigious Optus My Business Awards. Wisr has been shortlisted as a finalist in two awards in the Fintech Of The Year and Business Leader of the Year categories at the 2018 Optus My Business Awards, the premier event of the year for SMEs. Founded in 2014, Wisr offers personal loans and financial wellness solutions using its unique neo-lending platform. The company recently announced it had increased annual revenue by 37% last financial year, on the back of a 409% increase in loan origination volume. The Optus My […]
Wisr launches Australia’s first credit score comparison service – WisrCredit
Wisr (ASX: WZR), Australia’s first neo-lender, today announced it has launched the country’s first credit score comparison engine, WisrCredit. WisrCredit.com.au will be the first site in Australia that allows customers to compare credit scores and information from major credit agencies and other sources. According to IBIS World the Australian credit reporting industry is worth $1.1 billion and growing at more than 7.5% each year. Wisr research suggests more than 23% of Australians have checked their credit score in the past months[1]. Anthony Nantes, Chief Executive Officer Wisr said WisrCredit would be an important part of the company’s growth strategy. “As part of our commitment to financial wellness, we want to provide transparency into […]
Wisr appointed to leading aggregator Connective broker panel
Neo-lender Wisr (ASX: WZR) has significantly expanded one of its personal loan origination channels after the company was appointed to the panel of Connective, Australia’s leading mortgage broker aggregator. Almost 3,000 brokers on the Connective platform will be able to introduce personal loans to Wisr from 1 August 2018. More than 20% of brokers in Australia aggregate through Connective, which had more than $41.5 billion in settled loans in FY2017. This addition to a key channel follows Wisr’s previously reported record growth rate in loan originations, with total loan origination value in H2FY18 rising by 136% on the previous six months. Today’s announcement means that, in conjunction with other key […]
Neo-lender Wisr announces record loan growth
Neo-lender Wisr more than doubled personal loan originations in the second-half of the financial year after a strong Q4, the company announced today. Loan origination value in H2FY18 rose by 136% on the previous six months, whilst the number of new Wisr customers climbed 118% during the same period. The result follows the company’s largest single quarter in loan growth – with a 66% increase in loan origination value and 40% in loan origination volume during Q4 compared to Q3FY18. It is the second successive quarter that Wisr has achieved record loan origination growth. According to the 2017 Asia Pacific Alternative Finance Industry Report by Cambridge University and Monash University, […]
Wisr launches employee financial wellness solution: Wisr @ Work
Neo lender Wisr has launched a financial wellness program aimed at helping businesses combat one of the biggest causes of workplace stress, personal financial difficulties. Called Wisr @ Work, this program allows businesses to provide staff with online tools, education materials and debt reduction applications to help employees take control of their money and improve financial wellness. According to a Wisr survey of 250 Australians, it was found 48% of employees had experienced stress in the workplace because of their personal financial situation. Almost 65% said they had experienced feelings of anxiety or panic at work because of monetary issues, whilst 43% said it impacted their productivity and 35% had […]
Wisr announces limit increases to personal loan product
Borrower demand, institutional backing and continued operational improvements support this change Neo lender Wisr announced it will increase its personal loan limits following increased borrower demand, strong institutional lender support and continued improvement to loan evaluation. As of today the company will increase its personal loan limit from $35,000 up to $50,000(1), with a comparative interest rate up to 5% p.a. lower than the Big Four Banks(2). Loans will be available for any worthwhile purpose over three or five years, with a comparison rate of 9.36% p.a.(2, 3, 4) for borrowers with strong credit rating and with a Wisr personal loan there are no early repayment or exit fees. Anthony […]
