WZR +1.89%: an impressive quarterly from the personal lending business Wisr. Their 4th quarter loan originations came in at $123m which is almost triple that of the 4th quarter FY20, and 27% more than the 3rd quarter this year. Wisr continues to prove it can grow its loan book substantially without reducing credit standards, maintaining a low bad debt charge and high credit score average across the book. It’s cashed up following a bigger than expected equity raise which has put some pressure on the share price in recent months, but ultimately it’s proving to be a solid operation in the space.
MM remains bullish & long WZR
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