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The non-bank lender originated a record $132 million over the last quarter, the 21st consecutive quarter of growth.
Figures released by Wisr regarding its first quarter of financial year 2022 performance have revealed that, as of 30 September, the non-bank saw a record figure of $132 million in originations, marking a 113 per cent increase compared to Q1 FY21.
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During Q1 FY21, by comparison, Wisr reported a figure of $62 million.
The figure marks the 21st consecutive quarterly loan book growth for the non-bank.
In addition, Wisr’s figures show that it has now secured a total of $734 million in loan originations as at September 2021 – a 142 per cent increase to the figures from Q1 FY21.
According to the non-bank lender, this figure brings its wholly owned loan book (including warehouse, securitised and bank sheet) to $475 million, reflecting a growth of 247 per cent over the same period.
Wisr’s 90-plus day arrears also have shown signs of improvements, dropping from 1.01 per cent from Q1 FY21 to now 0.87 per cent.
The non-bank lender’s overall revenue growth also surged upwards, growing from the Q4 FY21 figure of $9.7 million to $12.1 million as of 30 September – a 25 per cent increase.
Compared to Q1 FY21’s figure of $4.1 million, this latest figure reflects a 195 per cent increase in growth.
Wisr chief executive Anthony Nantes said that these figures, including the 21 consecutive quarters of loan growth during the COVID-19 pandemic, are a testament to the team at the non-bank, and Wisr’s trajectory.
“The $12.1 million in revenue for the quarter, a 195 per cent increase compared to the same period last year, has us on a run rate approaching $50 million plus for the year ahead,” he said.
“We expect to see increased demand in the personal finance market as lockdown restrictions start to lift and consumer demand naturally rises in the personal loan categories that had been impacted by COVID-19, creating a strong tailwind for us as we head into 2022.
“With two Wisr warehouse facilities in operation and ready to drive significant, sustained growth, we’re in an incredibly strong position to push through our medium-term target of a $1 billion loan book, accelerate our revenue, path to profitability and operating leverage into H2 and beyond.”
[Related: Wisr hits high for new loans]
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