Australian digital lender Wisr has surpassed $1 billion in total loans for the first time, driven by a surge in March-quarter originations. The loan book reached $1,003.4 million in Q3FY26, up 29% year-on-year, split between $663.1 million in personal loans and $370.3 million in secured vehicle loans. New originations jumped 68% to $186.1 million, with vehicle finance more than doubling to $78.5 million. The strong performance prompted Wisr to upgrade its full-year origination growth guidance to over 50%, up from 40%. Credit quality improved, with 90-day arrears falling to 1.14% and net losses declining to 1.44%. The company now processes 84% of loans through automated AI approval. Despite the milestone, Wisr holds just 3.3% of Australia's personal loan market and 0.5% of vehicle finance.

Wisr announces $11.4m equity raise, upgrades guidance. The ASX-listed lender has upgraded its full-year guidance after announcing a new capital raise and debt refinancing. Fintech lender Wisr has announced an equity capital raise of up to $11.4 million and an upgrade to its financial year 2026 (FY26) guidance. The raise will be made through a combination of a placement and share purchase plan at $0.03 per share. Proceeds from the raise will be used to repay $7.5 million of the company's corporate debt facility, reducing the drawn balance from $35.0 million to $27.5 million, and to provide extra working capital and liquidity to support loan origination growth and product development. Wisr also announced entry into a non-binding refinancing of the company's corporate debt facility on a "materially lower" interest margin. The facility limit will remain $50.0 million and have a three-year tenor. Completion of the refinancing is subject to documentation, Wisr noted. As a result of the capital raise and impending refinancing, Wisr is upgrading its full-year guidance and expects to achieve cash net profit after tax profitability in the second half of FY26. Wisr also reaffirmed its current guidance for FY26, expecting loan origination growth of 40 per cent for the year and 15 per cent year-on-year revenue growth. "This capital raise is a strategically important step that supports the next phase of Wisr's growth towards scale and profitability," said Wisr CEO Andrew Goodwin. "We are very encouraged by the strong support received from existing and new institutional investors, which reflects confidence in Wisr's strategy and long-term outlook." Last month, Wisr reported continued momentum in its loan book growth, underpinned by a rise in personal and secured vehicle lending. In first quarter trading, the lender's loan book increased 15 per cent year on year to $867.6 million. Will Paige is a senior journalist at mortgage broking title, The Adviser. He writes news and features about the Australian broking industry and property market, reporting on regulation, lending trends, banking and emerging technology. Before joining The Adviser in 2024, Will covered M&A and debt financing news at London-based publication TMT Finance. He has previously written about business and finance news for a variety of media brands including Insider Intelligence, The Sunday Times Fast Track and Alliance News. Contact Will at: [email protected].