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Wisr

Wisr (ASX: WZR) is an Australian non-bank lender offering consumer lending services. It was known for being the first company of its type to be publicly listed in Australia. In March 2018, DirectMoney launched a major company rebrand to Wisr.

In March 2018 DirectMoney Finance Pty Ltd rebranded to Wisr Finance Pty Ltd and began an entirely new business model. In 2017, the company had ceased peer-to-peer lending, originating a wholesale off-balance sheet loan funding facility with 255 Finance.

In August 2018, Wisr launched Australia's first credit score comparison site, WisrCredit.

In March 2019, the company launched the Wisr App, Australia's first app that lets the user gather their digital spare change to pay down debt such as credit cards.

In March 2019, Wisr undertook a $15 million capital raise through Placement shares.

In November 2019, the NAB-backed Wisr Warehouse loan funding facility went live with an initial $50 million commitment. The Wisr Warehouse was increased from $95 million to $150 million in July 2020, $250 million in October 2020 and then $350 million in March 2021.

In January 2020, Wisr undertook a $36.5 million capital raise through Placement shares and a share purchase plan (SPP).[citation needed]

In March 2021, Wisr took a 5% ownership in EU-based fintech Arbor.

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