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The personal lender has said the new facility will help it fund volume growth across both personal and secured vehicle loan products.
ASX-listed lender Wisr has secured its third loan funding warehouse facility with an initial commitment of $267 million (and the option to expand).
The facility, led by Barclays Bank PLC and involving an unnamed mezzanine funder, was originated by Barrenjoey Markets.
It will be mainly used to fund loan volume growth for personal and secured vehicle loan originations and deliver improved funding costs.
The fintech lender said the new facility aligns with its strategic aims to expand debt capacity for loan book growth, diversify funding partners, and improve loan unit economics across its product range.
All transaction documents are executed, with funding to begin upon satisfaction of standard conditions precedent.
Commenting on the new facility, Florian Ruff, Wisr’s head of funding and treasury, said: “We are thrilled to welcome Barclays as a new senior funding partner and value the confidence they have placed in our business.
“This facility represents a significant milestone for Wisr, providing the capacity to accelerate loan originations across both our personal and secured vehicle loan products.
“As we build on consecutive quarters of loan book expansion, this new warehouse further strengthens our funding platform and enhances Wisr’s financial resilience. This facility is a testament to the confidence leading global institutions have in our business model, our technology-led approach, and the high-quality lending outcomes we continue to deliver for all stakeholders.”
Wisr’s total warehouse capacity exceeds $900 million across three facilities, with around $310 million of undrawn capacity available.
The lender’s latest quarterly update (for the third quarter ending March 2025) revealed a significant uptick in originations compared to the same period last year.
Loan originations surged 115 per cent year over year to $110.0 million from $51.6 million.
Earlier this year, Nicole Evans, Wisr’s head of broker, lauded its broker network as a core channel for the non-bank lender.
[Related: Wisr reports surge in loan originations]
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