Fresh off a major marketing campaign which saw their branding projected into millions of Aussie households as broadcast partners of the Tokyo 2020 Olympic Games, neo-lender Wisr (ASX: WZR) have reported 280% revenue growth to be eyeing profitability for the first time in their short history. Emerging as the non-bank lender of choice amongst the
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As Aussies continue to shift towards a cashless economy, Commonwealth Bank has confirmed it will be closing 10% of their branch network at lunchtime for reduced operating hours in response to declining foot traffic as we move all our banking and finance needs online. Where branches traditionally facilitated cash transactions, the declining use of cash
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Personal finance and debt consolidation company Wisr (ASX: WZR) has substantially opened its growth opportunities through a strategic investment in European fintech platform Arbor which will include IP sharing between the two companies. The investment of $400k cash via a convertible loan structure will give Wisr an opportunity to secure up to 45% of Arbor
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Following months of lockdowns which have limited spending opportunities, Australians have used the time to get on top of their finances with neolender Wisr (ASX: WZR) reporting record quarterly revenues, loan originations and customer profiles. This time at home for many has led to Wisr reporting a 37% increase in operating revenue for the quarter
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Australian credit consumers appear to be returning to financial normality based on fintech company Wisr (ASX: WZR) confirming their loan and repayment figures have returned to pre-coronavirus levels, and are rising rapidly. The Company has reported 48% growth in their loan originations for the month of May, as Australians seek more competitive interest rates and
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With scandals having rocked the banking sector over the past 12 months, Australia’s first neo-lender Wisr (ASX: WZR) has seen major growth in its loan growth, reporting an increase of $31.6 million in loan origination, an increase of 36% compared to the previous quarter and bringing total loan origination to $163.8m. The milestone continues a
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