Wisr (ASX: WZR)

After ousting Anthony Nantes as CEO in August 2023 (and subsequently seeing John Nantes depart as Chairman), consumer lending company Wisr (ASX: WZR) has been on a cost management journey, trying to regain shareholders’ faith.  In the face of its declining loan book balance and revenue, the Company has established the pricing for its fourth

Andrew Goodwin, who is currently the Chief Financial Officer at non-bank lender Wisr (ASX: WZR), has now taken on the position of Chief Executive Officer with immediate effect. This change comes after the Wisr Board decided to terminate the employment of the previous CEO, Anthony Nantes for undisclosed reasons. As part of the Board’s continuous

ABBA said it best: Money, money, money, must be funny in a rich man’s world. The problem is, no one’s laughing right now. Tightened wallets due to heightened inflation have left people reimaging their spending habits, bringing consumer lending company Wisr (ASX: WZR) to the fore.  In the first half of FY23, the Company reported

High interest rates have left Aussies in a lurch, postponing their grand purchases and consolidating their debts. A downside of debt consolidation is that you could end up paying a greater interest rate. That’s why people are counting on non-traditional banks, like neo-lender Wisr (ASX: WZR), which provides interest rates based on an individual’s credit

“Again? Oh my bank is killing me! How high can these interest rates go up?”, said many frustrated Aussies who had to scrap their dreams of paying off their mortgages. As interest rates keep going up and the budget is getting tight, they are forced to find alternative avenues to reduce household expenses. This is

Big 4 backed non-bank lender Wisr Limited (ASX: WZR) reported revenues of $26.2 million, which grew 163% from $10 million recorded in the previous corresponding period (pcp), driven by new funding partners and a surge in auto lending and personal finance.  Having now achieved 22 consecutive quarters of growth, the Company is on track to

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

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

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

Australia continues to emerge as a listing destination for tech companies which in recent years has been highlighted by the emergence of companies like Afterpay, Xero, Atlassian and Appen on the global stage. While less than 1% of ASX small cap tech stocks have any chance of getting into the same conversation as those, here

Amid the many ways COVID-19 has brought about new business opportunities, financing fintech company Wisr (ASX: WZR) continues to benefit from Aussies being more financially responsible through the pandemic, reporting a 35% increase in loan originations, driven by vehicle financing. For the quarter ending 31 December 2020, Wisr continued its upward momentum to deliver its

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

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

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

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

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