36% increase in quarterly new loan growth for Wisr (ASX:WZR)

Company News

by Katrina Bullock

Neo-lender, Wisr (ASX:WZR) has inked $31.6 million of new loans in the second quarter of the 2020 financial year.

That’s a 36 per cent increase compared to the first quarter and brings the total originations for the year ending 31 December 2019 to $163.8 million.

Wisr CEO Anthony Nantes says “with the announcement last quarter of a new funding facility that approximately triples the average margin to Wisr on each loan written, the Company is at an exciting juncture with an aim to further accelerate growth.”

Shares in Wisr (ASX:WZR) are trading 4.3 per cent higher at $0.24.

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.