Wisr Limited(ASX:WZR), formerly known as DirectMoney, grew its origination of personal loans by 42% in the March quarter compared with the previous December quarter.
The 42% quarter-on-quarter growth follows 79% growth in the December quarter and 20% growth in the September quarter.
Notably, since the business restructure in 2016, the gross annualised loss rate for the loan book through to the end of the March quarter has been below 2%.
Restructure has provided a new foundation for the company to grow from
Wisrs CEO Anthony Nantes said: These increases over the most recent quarter, reflects the new brand positioning, updated strategy and ongoing improvements to Wisrs loan assessment, underwri…
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