Company Interview / Wisr's path to profitability

Andrew Goodwin,CEO from Wisr (ASX:WZR), reports a strong quarter with 77% growth in loan originations. The loan book sees a boost after 18 months, coupled with improved portfolio yield and decreased net losses. Wisr focuses on scalability and maintaining high-quality credit.

Andrew highlights that Wisr (ASX:WZR) targets a 75% loan origination volume growth for FY 25, with future expansion plans well-funded. Secured vehicle loans soar 230%, comprising 42% of volume. With $18M cash and $15M undrawn funds, Wisr aims for profitability while remaining self-sustaining.

Andrew assures no plans for additional capital as they have $150M in excess warehouse capacity. Wisr thrives on financial wellness, offering personal and vehicle loans. The $35K average loan aligns with their mission to improve Aussies' financial health with tech-driven efficiency