Wisr Posts 19 Consecutive Quarters of Growth, 151% PCP Result comes on the back of $97.8m in new originations for Q3FY21

Highlights

•  New loan originations up: record growth of $97.8m, a 151% increase on Q3FY20 ($38.9m) and a 17% increase on Q2FY21 ($83.8m)
•  Total loan originations now $488.3m as at 31 March 2021
•  Secured vehicle loan product delivering strong results in limited channels, with $21.9m or 22.5% of the $97.8m
•  Wisr Warehouse loan funding facility was upsized to $350m in Q3FY21. Further Wisr Warehouse expansion to meet loan funding requirements will be announced in Q4FY21
•  Record Q3FY21 average credit score of 771 (Q2FY21 757), reinforcing Wisr’s ability to attract Australia’s most creditworthy customers and the opportunity to take more market share

DISC: I hold

Wisr makes strategic investment in European fintech platform Arbor

Entry pathway to circa $1.76 Trillion EU consumer finance market*1

Highlights of deal:

•  Strategic investment by Wisr opens up entry pathway to circa $1.76 Trillion (AUD) consumer finance market1 in EU
•  Low-risk investment structure - modest upfront consideration with options to increase shareholding to 45% at Wisr’s election as the model is proven out across the EU
•  Arbor is an EU based fintech with a financial wellness platform, utilising a digital wallet to offer savings, investment and lending features to almost 100,000 customers, and is growing its user base circa 20% month-on-month
•  Arbor’s revenue streams include a customer subscription-based model for its platform, as well as lending revenue via a recently launched “ethical loan” product
•  Wisr and Arbor will share IP across both organisations, with Wisr assisting in delivering an ethical lending experience to Arbor’s customers through Arbor’s proprietary financial wellness platform
•  Wisr’s upfront consideration is circa $400,000 cash, with any follow-on investment subject to milestones being achieved by Arbor, and can be settled through a combination of cash and shares at Wisr’s discretion

Also  WZR Arbor Investor Zoom Call

Sydney, 30 March 2021 - Wisr Limited (ASX: WZR) (ACN 004 661 205) (“Wisr”, or the “Company”) is pleased to announce that following the announcement of its investment into European financial wellness fintech platform, Arbor, investors are invited to join a Zoom webcast from 10.00am (AEDT) to 10.30am on Wednesday 31 March.

The Zoom webcast call will be hosted by Wisr CEO, Anthony Nantes and Dr. Lili Sussman, Chief Strategy Officer (CSO).

Please use the following link and passcode below to join the webinar:

•  https://zoom.us/j/99465512396?pwd=bDJtcXBGUHBDeCtpODNhRndIcnNUdz09
•  Passcode: 068837

For those wanting to join by phone, please use the any of the following with the Webinar ID: 994 6551 2396

 iPhone one-tap:

•  Australia: Australia: +61871501149,,99465512396#
•  Or +61280156011,,99465512396#

Telephone:

•  Australia: +61 8 7150 1149
•  (WA/SA/NT) +61 8 6119 3900
•  (NSW/ACT) +61 2 8015 6011
•  (VIC/TAS) +61 3 7018 2005
•  (QLD) +61 7 3185 3730

WZR Trading Update:

•  Date: Wednesday, 31 March 2021
•  Time: 10.00am AEDT / Sydney time
•  Dial in 5 minutes prior to the start time