Wisr Posted 136% Growth In Revenue For FY20

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Wisr Posted 136% Growth In Revenue For FY20

Wisr Limited (ASX:WZR) posted 136% growth in operating revenue to $7.2 million in FY20 and achieved important company goals for FY20 as customer demand for digitally driven goods and services increased amid changing macroeconomic conditions of COVID-19. Some of the highlights of FY20 are:

  • Revenue grew by 125% in H2FY20 compared to H1FY20 as company delivered considerably improved unit economics and operational leverage under its new Wisr Warehouse funding model
  • The company achieved $135.9 million in new loan originations for FY20, up 95% on FY19
  • Recovery rate for COVID-19 hardship customers stood at 75% on 30 June 2020, increasing to 81% on 31 July 2020

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