Wisr and NAB’s debt warehouse program goes live
Wisr Limited (ASX: WZR) announces that in relation to the debt warehouse program announced to the market on 28 October 2019, notes were issued on 15 November 2019 to subordinated investors to commence the funding of personal loan receivables.
Andrew Goodwin, CFO at Wisr said: “This is an important first step in a partnership that will dramatically improve Wisr’s revenue projections, path to profitability and our underlying loan unit economics. It provides assurance for our growth aspirations, supports the rapid scaling of our personal loan originations and allows scope for Wisr to develop new lending products going forward.”
“The warehouse program further enhances Wisr’s strategy to redefine and reinvent what a consumer lending company can be,” finished Mr. Goodwin.