Company Interview / Future growth engines fire at Wisr

Andrew Goodwin CEO of Wisr (ASX:WZR) reports a robust start to FY25, with loan originations surging 54% to $77.3 million. He attributes this growth to a $50 million corporate facility recapitalisation, enabling a focus on expansion while maintaining credit quality.

Andrew points to strong customer stability despite macroeconomic challenges like inflation and high interest rates. He notes unemployment levels remain low, keeping risks to lending books minimal. Both net interest margins and headline yield numbers show growth, maintaining the company's prime space credit quality.

With an optimistic outlook, Andrew highlights Wisr's potential in the automotive loan sector as traditional banks like Westpac (ASX:WBC) and Macquarie (ASX:MQG) withdraw. He sees a $100 billion market opportunity, partly driven by offshore capital entering the Aussie market, signalling promising growth ahead.