FY20 has been a year of unquestionable success for Wisr. We've delivered significant growth across all of our key metrics, achieved major milestones and thrived as a group through the unprecedented challenges of COVID-19.
Our key achievements include:
Delivering 136% revenue growth
Growing loan originations by 95%
Driving core business profitability, while continuing to invest in growth initiatives that will deliver sustained benefits
Growing the number of Australians entering the Wisr Ecosystem by 389%, setting the Company up for significant growth in the years to come
The unprecedented macroeconomic impact of COVID-19 has seen our purpose-led, fully digital and agile fintech business-model instantly respond to rapidly changing conditions.
COVID-19 has also made Australians more conscious than ever of their financial situation. Wisr witnessed a consumer sentiment shift from the incumbents to our business, like in many other digital-first service and product sectors, delivering record growth across Q4FY20.
Because the customer is at the heart of our Wisr Ecosystem, we have a platform that allows us to scale and grow with increased operational leverage and market-leading economics. Customers coming to us through this channel are 2.5x more likely to settle a loan with us, while also enabling us to genuinely improve their financial wellness.
As we start FY21, we are excited to launch our second credit product and enter the $33B secured vehicle finance market, providing another platform of growth for our Company.
Importantly, we continue to be one of the best places to work. Through our focus on high-performance, hiring and retaining the most talented people in the country, we are delivering record shattering Employee Net Promoter scores as we begin the journey to scale Wisr, and deliver on the enormous potential available to us.
ANTHONY NANTES
Chief Executive Officer
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WISR Limited published this content on 26 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2020 23:01:02 UTC
Wisr Limited is an Australia-based neo-lender company. The Company provides a collection of financial products and services. The Company is engaged in writing personal loans and secured vehicle loans for three, five and seven-year maturities to Australian consumers, and funding these loans through the warehouse funding structures. It provides a Financial Wellness Platform underpinned by consumer finance products, the Wisr App. The Wisr App helps Australians pay down debt, multiple credit score comparison services and Australiaâs first money-coaching app Wisr Today. Combined with content and other products that use technology to provide better outcomes for borrowers, investors, and everyday Australians. The Companyâs products include loans, credit scores and round up. Its credit score is a summary of financial habits, and helps lenders get to know its customers. Its loan products include debt consolidation loans, car loans, medical loans and others.
WISR LIMITED 
