The fintech has passed a major milestone with surging March-quarter demand and upgraded growth ambitions.
Digital lender Wisr has pushed its loan book beyond the $1 billion mark for the first time, after a March-quarter jump in new lending, which has prompted the fintech to lift its growth targets for the 2026 financial year.
Wisr’s total loan book reached $1,003.4 million in Q3FY26, up 29 per cent on the March 2025 quarter and 8 per cent on the December 2025 quarter.
Personal loans make up $663.1 million of that balance, 25 per cent higher than a year earlier, while the secured vehicle loan book has climbed 37 per cent year on year to $370.3 million – leaving the portfolio split at 63 per cent unsecured and 37 per cent secured.
New originations in the March quarter came in at $186.1 million, a 68 per cent increase on Q3FY25 and 13 per cent above Q2FY26 as demand for both personal and auto finance continues to build.
Personal loan originations rose to $107.6 million, up 46 per cent year on year.
Meanwhile, secured vehicle originations more than doubled to $78.5 million, an 111 per cent lift on the prior corresponding quarter as Wisr leans further into asset-backed lending.
Wisr chief executive Andrew Goodwin said the latest quarter marked a turning point in the lender’s growth story.
“Q3FY26 marked a significant milestone for Wisr, with our loan book growing 29 per cent to over $1 billion,” he said.
Guidance upgraded as revenue and pricing rise
The stronger momentum has led Wisr to upgrade its full-year expectations for new lending.
The company now expects loan originations to grow by more than 50 per cent in FY26, up from its previous guidance of above 40 per cent, citing “strong year-to-date loan origination performance”.
Quarterly revenue increased 22 per cent to $27.4 million, from $22.4 million a year earlier, as the expanding book and higher pricing feed through.
During the period, Wisr said it lifted front-book pricing on new originations to counter what it described as geopolitics-driven funding cost pressures, with the uplift in portfolio yield expected to emerge gradually as newer loans season through the book.
Credit metrics strengthen as automation scales
Alongside the rapid growth, Wisr reported further improvements in credit quality across its portfolio.
The average credit score on the loan book increased to 808, while 90+ day arrears fell by 34 basis points to 1.14 per cent, and net losses declined 55 basis points to 1.44 per cent.
Wisr also highlighted the growing role of its technology platform as volumes expand.
Positioning itself as an “automation-first fintech”, the company said 84 per cent of loans were now automatically approved by AI and that 44 per cent of verification steps were automated.
Yet despite crossing the $1 billion threshold, Wisr remains a relatively small player in the broader consumer-credit market.
The lender estimates it holds 3.3 per cent of an annual $12 billion personal loan origination market and 0.5 per cent of the $46 billion secured vehicle loan market.
The loan book is dominated by vehicle finance, with 65 per cent of customers borrowing for cars, 12 per cent for debt consolidation, another 12 per cent for home improvements and contents, and 11 per cent for other purposes.
Wisr’s borrowers are heavily weighted towards full-time workers (75 per cent), with 4 per cent self-employed, 7 per cent part-time, and 13 per cent casual.
[Related: Wisr loan book nears $1bn as originations swell]
Want to see more stories from trusted news sources?
Make The Adviser a preferred news source on Google.
Click here to add The Adviser as a preferred news source.
