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].

Wisr Ltd. announced an $11.4M capital raise through a Placement and Share Purchase Plan to repay debt and support growth. The company expects profitability in H2FY26 after refinancing its debt, which will reduce interest margins. The latest analyst rating for WZR stock is a Buy with a A$0.07 price target. Wisr's market cap is A$47.85M, and the technical sentiment signal is Sell.