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
Read More
The Australian banking industry is rapidly changing and 2020 is shaping up as a big year for digital banks and Neobanks which will provide Australians with an alternative option for their banking services to the Big Four – NAB, Commonwealth Bank, ANZ and Westpac. With the terms ‘Digital Bank’ and ‘Neobank’ becoming increasingly popular, below
Read More
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
Read More
Australian Fintech firm Wisr (ASX: WZR) has received a major boost in market confidence after securing $50 million in funding from NAB to increase debt capacity for ethical microfinance facilities. The 2-year partnership will see NAB provide an initial $50m debt warehouse program with the potential to increase to $200m. “This is an incredible result
Read More