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Wisr Announce Commentary and Highlights for Quarter ending 30 June 2019

Wisr Limited (ASX: WZR) today announced its results for the three months ending 30 June 2019, with the company achieving its 11th consecutive quarter of growth across key metrics, as it continues to deliver on its neo-lender business strategy.

Key points:

  • Total loan origination FY19 of $68.9M up 281% on FY18 ($18.1M)
  • H2FY19 originations of over $40M, a 215% increase on H2FY18 and, 38% increase on H1FY19 ($28.9M)
  • Wisr debt funding model evolving, with three significant opportunities to create hybrid funding model well advanced, which will improve Wisr margins.
  • Clear progress of previously announced strategy of B2B2C distribution of Wisr’s Financial Wellness Ecosystem with opportunities across private health insurance, superannuation, salary packaging and employee benefits.
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