iscover
iscover 
Fintech lender Wisr has revealed an increase in its secured vehicle loan originations of $62.1 million in its 1H25 results, an increase of 143 per cent on the same period last year ($25.6 million).
Additionally, Wisr has reported an increase of 40 per cent ($108.7 million) in personal loan originations when compared to 1H24’s figure of $77.5 million.
Overall, the lender increased loan originations by 66 per cent across these two products, against a “backdrop of strong increases in non-bank lender market share”.
However, Wisr also revealed a slight decrease on its closing loan book, down from $770 million in June 2024 to $757 million due to the lender pivoting back to loan origination growth in 4Q24 following a stage of moderated loan volumes.
The lender further revealed that it has made improvements to automation-driven loan approvals and credit decisioning processes, with 78 per cent of loans being automatically approved by an AI-powered decision engine, and a 134 per cent increase in automated loan verification steps.
Andrew Goodwin, Wisrʼs CEO, commented on the results: “In the first half of FY25, Wisr continued to execute its growth strategy, evidenced by strong loan origination growth across our secured vehicle and personal loan products.
“This has also led to EBITDA profitability driven by increasing NIM and improved losses, as well as a return to loan book growth (in 2Q25).”
Indeed, the lender reported EBITDA of $800,000, up by $600,000 on 1H24, which was primarily driven by “stronger loan unit economics and a reduction in net losses” offsetting the impact of lower revenues during the half.
Lower loan balances during the period did result in a decrease in revenue for Wisr, down from $48.1 million to $45.3 million; however, this was also due to the aforementioned moderation in loan volumes before returning to loan book growth in 2Q25.
Goodwin said: “Wisr continues to benefit from structural tailwinds which include the increase in personal loan market share of non-bank lenders.
“At the same time, the Company has been focused on delivering efficiencies and growth through technology-driven automation which will see Wisr well-placed to continue scaling efficiently.
“As we look ahead to the remainder of FY25, we remain focused on loan origination and book growth while continuing to support Australians in making smarter financial decisions via our award-winning platform.”
[RELATED: Fintech lender’s loan originations skyrocket]
