Wisr successfully completes capital raising with Goldman Sachs

ASX-listed fintech Wisr Limited announce that it has successfully completed an institutional placement to raise $50M before costs via the issue of 200 million new ordinary shares.

The placement – undertaken by Goldman Sachs as Sole Lead Manager and Underwriter – received demand in excess of the funds that Wisr sought to raise and completed with the support of new and existing institutional, sophisticated and professional investors. The issue price for the Placement Shares was $0.25 per share.

The trading halt in respect of Wisr’s shares is expected to be lifted at market open today.

Anthony Nantes, CEO of Wisr said, “We are very pleased with the incredible demand we have received; the placement results acknowledge the track record of execution we have delivered, and significant support for the Wisr business model and forward outlook. We are delivering a clear competitive advantage through Wisr’s unique position in the consumer finance market and investors are confident in our strategy to redefine what a consumer lending company can be.

“The proceeds of this capital raising will allow Wisr to build a company of significant size, scale and impact in the Australian market. We are very excited for what’s ahead in FY22 and beyond.

“We would like to thank our existing shareholders who have participated in the Placement for their ongoing support, as well as welcoming all new shareholders who will join the register following this capital raise.”