Wisr (ASX: WZR) added to Platform Finance panel as it strengthens business team

Company Name: Wisr

Announcement Date: 08/01/2019
Announcement Category: Contract/Partnership
Announcement Content:

Wisr, Australia’s first neo lender (ASX: WZR), has joined the consumer lending panel of one of the country’s biggest finance broker communities and strengthened its business teams.

Platform Finance, part of the Consolidated Operations Group (ASX: COG), has finance brokers across Australia and will now be able to offer their consumer clients access to Wisr’s unsecured personal loans.

This appointment follows a period of real growth in Wisr’s personal loan business through the broker channel. The company has recorded 46% quarter on quarter growth in loan settlements through the broker channel as at 30 September 2018.

Today more than half of all finance brokers are able to assist clients with a Wisr loan, with the company having partnerships with many of the country’s leading aggregators. Wisr offers unsecured personal loans for $5,000-$50,000 for maturities of up to five years and for a wide range of purposes.

Peter Beaumont, Head of Growth, Wisr said “Wisr has a sharp focus on growing and supporting our broker channel. We are extremely pleased to be working with Platform Finance. We aim to help their brokers create new business streams while providing a smarter, fairer, wiser deal for their customers.”

To support its recent growth the company has made two key appointments in the business development and digital channels. Kyle Abourizk has been promoted to Business Development Manager, focusing on New South Wales, Western Australia and South Australia. Abourizk will work with the national business development team to support brokers and strengthen operations across these important markets.

The company also appointed Per Thoresson as Head of Digital. Thoresson joins Wisr from IBM IX, where he specialised in the delivery of mobile and platform solutions across the Financial Services, Healthcare and Government sectors with multiple award-winning projects delivered across the Middle East and Africa region.

Anthony Nantes, Chief Executive Officer, Wisr said “Thoresson will lead the company’s digital strategy - including new product introduction and development of existing digital channels.

“Wisr is focused on delivering industry-leading digital solutions that exceed borrower expectations. It has been a big part of our record growth during the past year,” Nantes said.

“Almost 80 thousand of Australians have engaged with Wisr through our digital channels so far this financial year and we continue to add new customers every month. The appointment of such a senior professional will deliver an even more engaging experience and pave the way for future digital product innovation,” Nantes said.

Wisr’s investment in people is evidenced by the business almost tripling the number of staff during the past 12 months, across technology, sales, marketing and support teams based in Sydney, Melbourne and Brisbane. The company continues to go through a period of significant growth - including a 49% increase in the value of new loans written in Q1FY19, when compared to the previous quarter.

For more information on Wisr please visit www.wisr.com.au

Announcement URL:
About Wisr:

Wisr (ASX: WZR) is Australia's first neo-lender and FinTech pioneer in the rapidly growing Australian consumer finance market.

As a technology company we’re committed to building products, apps and services to help Australians do more with their money. Our promise is to provide a fair way to financial wellness for all Australians.

Go to Company Profile for: Wisr

Announcement Contact: [email protected]