Leading aggregator appoints neo-lender

by AB02 Aug 2018

A neo-lender offering unsecured personal loans between $5,000 and $50,000, has been appointed to the lending panel of a major aggregator.

Wisr, which recorded a 136% increase in originations in the second half of the last financial year, now features on Connective’s panel of more than 40 lenders. The appointment means more than half of all brokers in Australia can now offer Wisr loans to their customers, providing a continued boost for the lender’s personal loan originations.

Wisr CEO Anthony Nantes, said, “The broker channel is an important part of the Wisr growth strategy and we are delighted to be working with Connective, home to some of Australia’s leading brokers. The appointment further strengthens our aim of becoming a true alternative in the Australian lending industry and we look forward to introducing the Wisr brand to thousands of new brokers in the coming months.”

Wisr describes itself as “committed to developing strong and sustainable relationships with its broker partners” and has introduced new tech-enabled approaches to loan applications, digital document processing, streamlined loan approval and API integration.

Connective’s near 3,000 accredited brokers will be supported by Wisr’s BDM and broker support team, as well as the lender’s high-touch tech platforms, including the Wisr Broker Portal.

Brent Starrenberg, Connective’s head of asset finance, said, “We are very pleased to welcome Wisr to the Connective platform. This is another example of how Connective offers its broker network access to industry leading lenders such as Wisr.”

More than 20% of brokers in Australia aggregate through Connective, which achieved loan settlement values in excess of $41.5bn in FY2017.


Related stories:
Neo lender increases loan limits
Neo-lender more than doubles loans
Neo lender combats financial stress at work