Wisr receives AOFM funding approval

ASX-listed fintech Wisr announce the Australian Office of Financial Management (AOFM) has approved an initial investment of $30.8 million into the Wisr Warehouse through the Structured Finance Support Fund. The investment will be alongside existing senior and mezzanine financiers and will support the Wisr Warehouse up to $200 million.

The $30.8 million is approved by the Delegate under the Structured Finance Support (Coronavirus Economic Response Package) Act 2020 and is subject to finalisation of legal documentation.

Andrew Goodwin, Chief Financial Officer of Wisr said, “Wisr welcomes the investment by the AOFM into the Wisr Warehouse, which will support our ongoing mission to deliver fairly priced credit to everyday Australians, alongside our capability to build and deliver market leading financial wellness products. The Wisr Warehouse continues to perform strongly and well within portfolio parameters.”