Wisr has announced the execution of its third loan funding warehouse facility, securing an initial commitment of $267 million.
The new facility, supported by senior funding from Barclays Bank PLC, will back the company’s ongoing expansion across personal and secured vehicle loan markets.
The announcement marks a key milestone in Wisr’s strategy to scale its lending operations and enhance funding efficiency. The warehouse facility was originated by Barrenjoey Markets through its partnership with Barclays.
The announcement follows a strong Q3FY25 performance, with Wisr reporting 115% year-on-year growth in loan originations to $111 million. This marked the second consecutive quarter of loan book growth, driven by a 255% rise in secured vehicle loan originations and an 80% lift in personal loans.
The latest warehouse adds significant firepower to Wisr’s funding platform, bringing the company’s total warehouse capacity to over $900 million across three facilities, with $310 million in undrawn capacity available to support further growth.
Wisr said the facility:
The facility strengthens Wisr’s ability to scale its loan book while diversifying its funding base. It aligns with the company’s strategic priorities, including enhancing loan unit economics and accessing more competitive markets for future securitisation transactions.
All transaction documents have been executed, with funding to commence following standard conditions precedent.
Florian Ruff, head of funding and treasury at Wisr, said the company was pleased to welcome Barclays as a senior funding partner and appreciated the confidence shown in its business.
“This facility represents a significant milestone for Wisr, providing the capacity to accelerate loan originations across both our personal and secured vehicle loan products,” Ruff said.
“As we build on consecutive quarters of loan book expansion, this new warehouse further strengthens our funding platform and enhances Wisr’s financial resilience.”
Ruff said the new facility reflected the strong confidence leading global institutions had in the ASX company’s business model, technology-driven approach, and ability to deliver quality lending outcomes for all stakeholders.
