For the last three years, WisrASX: WZR has been focused on building a strong foundation of market-leading technology and proving our innovative lending model.
For the last three years, Wisr (ASX: WZR) has been focused on building a strong foundation of market-leading technology and proving our innovative lending model.
For millions of Australians, COVID-19 put personal finance front-of-mind, encouraging them to look for a smarter alternative. Wisr’s purpose-driven business model, consumer proposition and technology platforms has strongly resonated in-market and helped drive record growth in all key financial metrics, including loan origination and revenue growth, improving loan unit economics, consistent strong credit quality and core business profitability.
Wisr has continued to deliver an unblemished record of consistent quarter-on-quarter new loan growth throughout COVID-19 and beyond. Combined with the quality of customers that we are attracting, we have a small but rapidly growing market share with significant room to scale.
Our new secured vehicle product has also significantly increased the total addressable market for Wisr, providing entry to $85 billion dollars* of annual vehicle finance.
The Wisr Financial Wellness Platform has been proven to be highly effective, with over 450,000 Australians on the platform and data showing enormous benefits to both Wisr, and to our customers that use it. With majority of engaged users on the platform experiencing an incremental increase in their credit score.
We have a significant opportunity to provide a new type of lending experience, grow market share in-line with our risk appetite and continue to innovate, and deploy a total solution not offered by any other lender, anywhere in Australia and shareholders should be excited by that.