- Neolender Wisr (WZR) has ended the December quarter with a record $83.8 million worth of new loan originations
- That figure represents a 35 per cent quarter on quarter increase, as well as a 165 per cent increase when compared to the same period last year
- To date, the business has netted $390.5 million in new loans since inception
- Wisr also increased its average credit score over the three months to December 31, with the average score now sitting at 757
- Shares in WZR have ended the day up 2.63 per cent at 19.5 cents each
Wisr (WZR) has ended the December quarter with a record $83.8 million worth of new loan originations, a strong increase for the neolender.
Specifically, that figure represents a 35 per cent increase on the September’s results when the business brought in $61.9 million worth of loans.
It also represents a strong 165 per cent increase when compared to the same period last year, when Wisr netted $31.6 million in loan originations.
All up, the neolender has recorded $390.5 million in new loan originations since its inception, with the most recent $50 million recorded in less than two months.
“We had a very strong start to the quarter and it’s fantastic to see that momentum continue through the holiday period, delivering 35 per cent growth while attracting the best borrowers in Australia,” CEO Anthony Nantes said.
“The consumer sentiment shift we witnessed from COVID-19, for better financial products and services, has certainly not slowed down,” the CEO added.
The December quarter also proved positive for the company’s average customer credit score — which sat at 757 at the end of the period.
The average credit score for most Australians hovers around 600, while the company’s own average was sitting at 732 in the previous September quarter.
Following Monday’s market announcement, shares in WZR have ended the day’s session up 2.63 per cent at 19.5 cents each.