ISCOVER
Personal and vehicle loan origination growth contributed to a doubling of originations over the 2025 financial year, according to the non-bank lender.
Fintech lender Wisr has released a financial update for the quarter ending June 2025 (4Q25), revealing that loan originations for FY25 more than doubled, driven by strong growth across both personal and secured vehicle loan products.
Originations rose 101 per cent over the year FY25, with originations for the June quarter alone reaching $140.3 million, up 154 per cent on Q424 (when quarterly originations were $55 million).
Personal loan originations for the June quarter surged 111 per cent from the same quarter a year earlier, to $88.9 million, while secured vehicle loan originations shot up 296 per cent on 4Q24 to $51.4 million (albeit from a modest starting point of $13.0 million a year ago).
The lender stated that 64 per cent of its customers are turning to it for vehicle finance, 12 per cent for debt consolidation, 11 per cent for home improvements, and 13 per cent for ‘other’ personal loan needs.
The figures mark the fifth straight quarter of loan origination growth and three consecutive quarters of loan book growth, with Wisr noting that the major bank’s shrinking share of the personal and secured vehicle lending space provides ‘tailwinds’ for the non-bank (with several banks, including Westpac and Macquarie, having recently exited the secured vehicle lending market).
Its loan book totalled $824 million at the end of June 2025, up 7 per cent on June 2024, when the lender had seen its book shrink.
The lender noted that 80 per cent of its loans were automatically approved by its AI-powered decision engine (up from 69 per cent in 4Q24), which it stated “supports scalability by efficiently managing higher volumes without compromising credit quality, speed, accuracy or increasing cost”.
Wisr’s update also revealed that credit performance improved, with 90-plus day arrears decreasing 18 basis points to 1.40 per cent from a year before and falling 8 bps from the March quarter.
Loan book growth and improved portfolio yield helped increase revenue by 6 per cent year on year to $23.9 million.
Reflecting on the results, Wisr CEO Andrew Goodwin commented: “We are extremely pleased with our June quarter results, which capped off a standout year for Wisr.
“For the full year, we achieved 101 per cent loan origination growth, exceeding our upgraded guidance of 90 per cent plus, a clear demonstration of the business executing on its growth strategy.
“These results highlight Wisr’s successful return to growth and the scalability of our operating model, underpinned by continued investment in automation and technology-led processes. The execution of our third warehouse facility in the June quarter provides additional funding capacity to support strong momentum into FY26 and beyond.”
In May, Wisr announced the execution of its third loan funding warehouse facility with Barclays Bank, securing a $267 million commitment to support growth.
The company’s three warehouse facilities have a total commitment of $917 million, with $287 million in undrawn capacity. An additional $15 million remains undrawn from the corporate facility.
[Related: Wisr reports surge in loan originations]
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