Wisr and MONEYME have posted sharp loan growth as non-banks capture an increasingly expanding share of personal credit.
Non-bank lenders Wisr Limited and MONEYME have both reported strong upswings in personal lending in their latest quarterly updates.
Released on Thursday (29 January), both Sydney-headquartered fintechs recorded robust loan book expansions and origination surges, tapping demand for flexible financing, while traditional players prioritise mortgages and business portfolios.
The two lenders underscored how specialist players are stepping into a fast-growing personal loan market, while major banks continue to pull back.
MONEYME originations up to $275 million
MONEYME’s Q2 trading update (for the three months to December 2025) showed the personal lender continued to build scale, with its loan book reaching $1.75 billion, up 26 per cent from $1.39 billion a year earlier and rising from $1.65 billion in the prior quarter.
The sequential increase of more than $100 million in a single quarter was underpinned by a broad-based lift in new business, including in both secured and unsecured products.
Total loan originations climbed to $275 million in 2Q26, 18 per cent higher than the $233 million written in the same quarter a year earlier and up 5 per cent from the $261 million settled in 1Q26.
The composition of the book remained tilted towards secured lending, with secured facilities accounting for 61 per cent of the portfolio and the Autopay car finance book alone reaching $1 billion.
At the same time, net credit losses decreased to 2.9 per cent, helping strengthen MONEYME’s risk-adjusted net interest margin and offset a period of heavier investment in marketing, growth, and product development.
Reflecting on the results, MONEYME managing director and CEO, Clayton Howes, said the combination of loan book growth, higher-quality assets, and improved funding efficiency demonstrated the effectiveness of the group’s broader strategy.
“MONEYME delivered strong second-quarter growth across key metrics, reflecting disciplined execution of our strategy. The loan book grew by more than $100 million since the previous quarter, driven by high-quality, predominantly secured assets and strong revenue,” he said.
He also pointed to a pipeline of product and funding initiatives designed to sustain growth and broaden MONEYME’s role in consumer finance.
“We have further strengthened our funding position through a $455.4 million Autopay ABS transaction and a new $300 million credit card warehouse facility with a global bank,” Howes added.
Wisr posts 95% lift in personal loans originations
Meanwhile, personal lender Wisr delivered a parallel story of rising demand and scaling distribution, with the company revealing that its loan book had reached $928.5 million by 31 December 2025, up 23 per cent on the $756.8 million recorded a year earlier.
New originations in Q2 FY26 totalled $164.2 million, representing a 76 per cent increase on the $93.5 million settled in the same quarter of FY25 and a 12 per cent rise on the $146.8 million written in Q2 FY26.
Within that, personal loan settlements accounted for $106.2 million, up 95 per cent year on year from $54.4 million, while secured vehicle loans contributed $58 million, 48 per cent higher than the $39.1 million recorded a year earlier.
Wisr CEO Andrew Goodwin said the period marked a clear acceleration in the lender’s growth trajectory, with demand strengthening across both personal and vehicle segments.
“This result was driven by a 76 per cent increase in loan originations to $164.2 million, reflecting strong demand and efficient execution across both personal and secured vehicle loans,” Goodwin said.
He emphasised that the growth had been delivered while the credit profile of the portfolio was improving, with average customer credit scores increasing and arrears and loss rates moving lower.
“Importantly, this growth was achieved alongside material improvements in credit performance, with 90-plus day arrears decreasing to 1.13 per cent and net losses decreasing 48 basis points to 1.15 per cent,” he said.
Goodwin also linked a series of funding moves – including an equity raise used to reduce corporate debt, a refinanced $50 million facility, and optimised warehouse capacity – to a clearer path to profitability.
The lender also launched secured motorcycle loans over the period.
Non-banks step up as banks pull back
The updates come against a backdrop of major structural change in the personal lending landscape, with Australian Bureau of Statistics (ABS) data showing personal loans growing strongly overall, even as the major banks steadily withdraw.
According to lending indicators, Australians borrowed about $9.3 billion in fixed-term personal loans in the September 2025 quarter alone, a 12.7 per cent rise year on year.
Around half of this was for road vehicles.
At the same time, the share of personal and secured vehicle lending written by banks has been falling.
In June 2020, banks accounted for just over 73 per cent of personal lending, yet by June 2025, their share had dropped to a little over 58 per cent.
[Related: MONEYME reports 27% growth in originations in 1Q25]
