Neu Capital acted as sole debt advisor to Wisr (ASX: WZR) for their $50m corporate debt raise with global financial services group, Nomura. This facility provides additional balance sheet strength to support planned loan book growth.

Wisr is an Australian non-bank lender offering consumer lending services, including personal loans, credit scores, and secured vehicle loans. As Australia’s first neo-lender and a fintech pioneer, the technology company is committed to providing products, apps and services that provide better outcomes for borrowers, investors, and everyday Australians.

The corporate facility was part of a range of financing initiatives to strength the business’s balance sheet and fund loan book growth.

  • Proceeds from the Nomura facility was used to repay the existing corporate debt facility, provide additional liquidity to support growth and strengthen the company’s balance sheet.

For further information, you can find the ASX announcement here and contact our Managing Director Jason Watts for further discussion.