Australia: Wisr continues to broaden reach through the broker channel

ASX-listed P2P lender, Wisr has experienced record loan origination growth for two successive quarters. The overall value of loan originations has increased by 136% over the second half of the 2018 financial year; with the number of new customers also increasing by 118% in the same period.

The CEO of Wisr, Anthony Nantes, attributes the company’s strong growth to “an ever-increasing number of Australians looking for a fairer, smarter and wiser way to borrow money... we’ve seen an incredibly positive response to the launch of the Wisr brand, and continued optimisation of our proprietary lending platform”.

Integral to the company’s sustainable growth are its strong technological and operational focus. Wisr has expanded their digital and partnership channels, with over 10,000 brokers now able to offer Wisr personal loan products.

According to RFi Group data from June 2018, 6% of personal loans are applied for through brokers. The importance of the broker channel is amplified for an online P2P lender such as Wisr by providing potential borrowers with non-digital application channels.

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