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The fintech lender’s latest quarterly update has revealed a significant uptick in originations compared to the same period last year.
ASX-listed lender Wisr has reported a significant increase in loan origination volumes in its latest market update, covering the third quarter of the financial year ending 30 June 2025 (FY25).
In a market update released last Wednesday (30 April), the fintech lender reported $110.0 million in loan originations for the three months to 31 March 2025, representing a 115 per cent increase when compared to the same period in FY24 ($51.6 million).
This figure also represented a 19 per cent increase in the volume of originations from the quarter prior ($93.5 million).
Wisr reported secured vehicle loan originations of $37.2 million, a 255 per cent year-on-year increase.
Meanwhile, personal loan originations of $73.8 million represented an 80 per cent increase on the previous corresponding period.
During the quarter, Wisr’s total loan book grew to $777 million, a 2.7 per cent increase from the December quarter ($757 million).
However, this figure was also 3.8 per cent lower than it was during the same period in the previous financial year ($808 million).
Wisr also said that revenue for the quarter ($22.4 million) was down compared to the same period in FY24 ($23.1 million), attributing this to a lower average loan balance during the period.
The fintech lender said it had pivoted back to loan origination growth in the fourth quarter of FY24 and, after a “second consecutive quarter of disciplined loan book growth”, expects revenue to scale.
Andrew Goodwin, Wisr CEO, said the quarterly results reflected the strength of Wisr’s “strategic pivot back to growth”.
“With loan originations up 115 per cent on Q3FY24 and the loan book increasing for a second consecutive quarter, we are pleased to upgrade our FY25 loan origination growth guidance to 90 per cent + (up from 75 per cent+),” Goodwin said.
“This momentum reflects the positive impact of our investment in automation and technology-led processes, which have delivered efficiency and scalability across both our secured vehicle and personal loan products. At the same time, we’ve maintained a strong credit profile, with an average credit score of 800 and continued improvement in arrears.
“As we head into the final quarter of FY25, our priorities remain firmly centred on sustainable and disciplined loan book growth, risk-adjusted returns, and platform enhancement.
“We remain committed to supporting our customers and helping more Australians make smarter financial decisions.”
Established broker network
Earlier this year, Nicole Evans, Wisr’s head of broker, lauded its broker network as a core channel for the non-bank lender.
Speaking to The Adviser, Evans said the company had been working to update its offering in response to broker feedback.
“Our 77 per cent growth in loan originations is a great result and the broker channel has been a key part of this success as we continue building strong relationships with our valued aggregator partners and key brokerages,” she told The Adviser.
“As a team, we consistently collect feedback from our broker network to understand what is important to brokers and their clients. This ensures that the changes we make to our product and processes are aligned with both audiences’ needs.
“We recognise that the landscape of the broker channel is ever evolving so it’s vital we regularly review our product and pricing so Wisr can continue to be one of the most competitive in the market for secured and personal loans,” she said, adding the lender had also been working on improving its broker portal, application process, and lender technology.
[Related: Wisr records rise in loan originations]
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