Wisr appointed to leading aggregator Connective broker panel

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 broker aggregation partners, more than half of all finance brokers throughout Australia are able to assist their clients with a Wisr personal loan. Wisr offers unsecured personal loans for $5,000-$50,000 for a wide range of purposes.

Anthony Nantes, Chief Executive Officer, Wisr said: “The broker channel is an important part of the Wisr growth strategy and we are delighted to be working with Connective, home to some of Australia’s leading brokers. The appointment further strengthens our aim of becoming a true alternative in the Australian lending industry and we look forward to introducing the Wisr brand to thousands of new brokers in the coming months.”

Brent Starrenberg, Head of Asset Finance, Connective, said: “We are very pleased to welcome Wisr to the Connective platform. This is another example of how Connective offers its broker network access to industry leading lenders such as Wisr.”

Accredited Connective brokers will receive service from Wisr’s BDM and Broker support team and introduce personal loans through the personalised Wisr Broker Portal, which is part of Wisr’s unique and industry leading proprietary technology platform. With new approaches to loan application, digital document processing, streamlined loan approval and API integration, Wisr is committed to developing strong and sustainable relationships with its broker partners.