Neo-lender Wisr Limited saw a 42% growth in its origination of personal loans in the latest financial quarter.
This was the companys largest quarter in loan originations since Wisr, formerly known as DirectMoney, began in 2014.
Loan originations have continued to grow over the financial year, growing by 20% in the first quarter and by 79% in the second quarter.
In the period since Wisr announced a significant restructure in 2016, which included a new chairman, new CEO, key executives and business direction, the gross annualized loss rate for the loan book up to the quarter ending 31 March 2018 has been below 2%.
Also during the period since restruct…
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