Company Interview / AI aids Wisr's profitable pivot

Andrew Goodwin, CEO of Wisr (ASX:WZR) outlines the company's achievements in the first half, including a 66% increase in first-half loan originations and EBITDA profitability. He affirms a 75% growth target for the full year, attributing it to a pivot in growth strategy and better loan book performance.

Goodwin says the macroeconomic environment is promising with declining interest rates and inflation, all of which contributes to positive consumer sentiment. He notes that a lower rate environment encourages major life decisions like home improvements and debt consolidation. Goodwin says this should benefit loan performance as consumers have more disposable income, although unemployment remains a concern.

Andrew highlights Wisr's (ASX:WZR) AI-driven credit approval process, which automates nearly 80% of loans. This technological advancement enables the company to scale efficiently without increasing operational expenses.

With $15 million available from a recent corporate facility, Andrew expresses confidence in Wisr (ASX:WZR) reaching sustainable profitability and further growth.