Wisr is an Australian non-bank lender providing consumer finance and related financial-wellness services.
Last updated August 31, 2026
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Overview
Wisr is an Australian non-bank financial-services brand focused on consumer lending and tools intended to help people manage personal debt. The business was formerly known as DirectMoney Finance and changed its name and operating model to Wisr Finance in March 2018. The rebrand represented a shift away from its earlier peer-to-peer lending activity toward a technology-enabled lending platform funded through institutional and wholesale arrangements. Wisr offers unsecured personal loans and associated digital services. Its proposition combines lending with financial-wellness features, including tools designed to help customers understand their credit position and reduce debt. In August 2018, the company launched WisrCredit, described as Australia's first credit-score comparison site. In March 2019, it introduced the Wisr App, which enabled users to collect digital spare change and direct it toward repayment of debts such as credit-card balances. The company has funded its lending activities through a combination of equity raisings, warehouse facilities and securitisation. After ending peer-to-peer lending in 2017, it originated a wholesale, off-balance-sheet loan-funding facility with 255 Finance. A NAB-backed Wisr Warehouse facility began operating in November 2019 with an initial commitment of A$50 million. The facility was subsequently expanded to A$95 million, A$150 million, A$250 million and A$350 million across 2020 and 2021, according to the company's reported milestones. In May 2021, Wisr completed its first A$225 million asset-backed-securities transaction, backed by a pool of fully amortising unsecured consumer personal loans; the senior tranche received a AAA rating from Moody's. These arrangements supported the company's transition from an early-stage lending platform into a scaled non-bank consumer-finance business. Wisr became publicly traded in Australia through the reverse takeover of Basper Ltd on 13 July 2015. The transaction raised A$11.2 million at A$0.20 per share. The company later completed several capital raisings, including a A$15 million placement in March 2019, a combined A$36.5 million placement and share purchase plan in January 2020, and a A$55 million placement and share purchase plan in June 2021. The June 2021 raising, supported by Goldman Sachs, was reported as oversubscribed. Wisr has also pursued relationships beyond direct lending. In March 2021, it acquired a 5% interest in Arbor, a European fintech business. The company is positioned around accessible digital consumer finance, credit transparency and debt reduction rather than conventional branch-based banking. Its Australian focus, non-bank structure and reliance on institutional funding distinguish it from deposit-taking banks, while its digital tools seek to connect the borrowing experience with longer-term financial management. Leadership changed materially in August 2023, when CEO Anthony Nantes was terminated and Andrew Goodwin was appointed as his replacement. At the same time, chairman John Nantes temporarily recused himself from board duties to address the appearance of a potential conflict because of his relationship with the former chief executive. The available reference material does not establish a later change in corporate status, headquarters, founder, or ownership, so those fields remain unspecified.
History
Wisr's corporate history began under the DirectMoney name. DirectMoney Finance was originally associated with peer-to-peer lending, but the company ceased that activity in 2017 and instead established a wholesale, off-balance-sheet loan-funding arrangement with 255 Finance. This change laid the foundation for a more conventional non-bank consumer-lending model supported by institutional funding. On 13 July 2015, the business entered the Australian Securities Exchange through a reverse takeover of Basper Ltd. The transaction raised A$11.2 million at A$0.20 per share and made the company one of the early publicly traded Australian businesses focused on this type of financial technology and consumer lending. The company later repositioned itself substantially. In March 2018, DirectMoney Finance Pty Ltd adopted the Wisr Finance name and launched an entirely new business model. The Wisr brand emphasized digital lending, credit awareness and consumer financial wellness. The company expanded beyond loan origination by developing customer-facing financial tools. In August 2018, it launched WisrCredit, a credit-score comparison service presented as Australia's first of its kind. In March 2019, Wisr introduced the Wisr App, which allowed users to gather small amounts of digital spare change and use them to reduce debts such as credit-card balances. These products supported the brand's effort to connect borrowing with practical debt-management behavior. Funding capacity became a central part of Wisr's development. In March 2019, the company raised A$15 million through a share placement. In November of that year, a NAB-backed warehouse facility began with an initial A$50 million commitment. The facility was later increased to A$95 million in July 2020, A$150 million in October 2020, A$250 million in October 2020, and A$350 million in March 2021, according to the cited company history. Wisr also raised A$36.5 million through a placement and share purchase plan in January 2020. In March 2021, Wisr took a 5% interest in Arbor, a fintech business based in Europe. Two months later, in May 2021, it completed its inaugural asset-backed-securities transaction. The A$225 million transaction was secured by a pool of fully amortising unsecured personal loans, and the highest-ranking tranche received a AAA rating from Moody's. In June 2021, Wisr conducted another A$55 million capital raising through a placement and share purchase plan, supported by Goldman Sachs; the offering was reported to have been oversubscribed. Leadership became a prominent issue in August 2023. The company announced the termination of CEO Anthony Nantes and appointed Andrew Goodwin in his place. John Nantes, the chairman and Anthony Nantes's brother, temporarily recused himself from board duties to address the appearance of a conflict of interest. The available reference material does not provide sufficient information to describe the duration of the recusal or later leadership developments. Wisr's evolution therefore spans three related phases: an early peer-to-peer lending identity, a 2018 rebrand into a digitally focused non-bank lender, and subsequent scaling through warehouse finance, securitisation, capital markets activity and consumer financial-management tools. Its principal market remains Australia, where it competes in consumer finance outside the traditional deposit-taking banking system.
- 2023
Chief executive transition
[1]Anthony Nantes left the CEO role and Andrew Goodwin became his replacement; chairman John Nantes temporarily recused himself.
- 2021
First asset-backed-securities transaction
[1]Wisr completed a A$225 million ABS transaction backed by unsecured consumer personal loans.
- 2019
Wisr App launches
[1]The company introduced an app designed to help users direct accumulated digital spare change toward debt repayment.
- 2019
NAB-backed warehouse facility begins
[1]Wisr began operating a warehouse loan-funding facility with an initial A$50 million commitment.
- 2018
DirectMoney becomes Wisr
[1]DirectMoney Finance rebranded as Wisr Finance and adopted a new consumer-lending business model.
- 2018
WisrCredit launches
[1]Wisr launched a credit-score comparison service.
- 2017
End of peer-to-peer lending
[1]The company ceased peer-to-peer lending and began using a wholesale off-balance-sheet funding facility with 255 Finance.
- 2015
Australian Securities Exchange listing
[1]Wisr entered the ASX through a reverse takeover of Basper Ltd and raised A$11.2 million at A$0.20 per share.
Products and positioning
A digital Australian non-bank lender combining unsecured consumer loans with credit visibility and debt-reduction tools.
Unsecured consumer lending
Wisr personal loans
Wisr's core offering is unsecured consumer personal lending in Australia. The loans are originated through a non-bank platform and funded through institutional arrangements, warehouse facilities and securitisation rather than customer deposits. The available reference material does not specify detailed loan limits, rates, eligibility rules or current product variants.
Credit-information service · 2018
WisrCredit
WisrCredit is a credit-score comparison and credit-information service launched in August 2018. It extended the brand beyond loan origination by giving consumers a way to compare or monitor credit-related information. The available source describes its positioning but does not provide current feature, pricing or availability details.
Financial-wellness application · 2019
Wisr App
The Wisr App launched in March 2019 as a debt-repayment tool. It enabled users to collect digital spare change and apply the accumulated amount toward debts such as credit-card balances. The product expressed Wisr's broader positioning around helping consumers reduce debt, although the supplied material does not confirm its current availability or feature set.
Brand decisions
2023
Chief executive replacementOtherBackground
Wisr announced a leadership change involving CEO Anthony Nantes and board chairman John Nantes.
Action taken
The company terminated Anthony Nantes, appointed Andrew Goodwin as CEO, and John Nantes temporarily recused himself as chairman to avoid the perception of a conflict of interest.
Aftermath
The available reference does not establish the duration of the recusal or later governance developments.
2021
Investment in ArborM&ABackground
Wisr sought exposure to fintech capabilities outside its Australian lending market.
Action taken
The company acquired a 5% interest in European fintech business Arbor.
Aftermath
The supplied material does not describe subsequent changes to the investment or its operational impact.
2018
Rebrand from DirectMoney to WisrStrategyBackground
Following the end of peer-to-peer lending, the company pursued a materially different business model.
Action taken
DirectMoney Finance Pty Ltd changed its name to Wisr Finance Pty Ltd and repositioned the business around digital consumer lending and financial-wellness services.
Aftermath
The rebrand was followed by the launches of WisrCredit and the Wisr App and by expanded institutional funding activity.
2017
Exit from peer-to-peer lendingStrategyBackground
The company had previously operated in peer-to-peer lending but changed its funding and operating approach.
Action taken
Wisr ceased peer-to-peer lending and originated a wholesale off-balance-sheet loan-funding facility with 255 Finance.
Aftermath
The decision preceded the 2018 rebrand and the development of Wisr as a digitally focused non-bank consumer lender.
Recent events
Reported
Wisr raises full-year profit guidance[2]
Wisr raised its full-year cash net profit after tax guidance to at least $7 million, from at least $5 million, following a record September quarter.
Reported
Wisr announced a secured vehicle loan launch[3]
Wisr announced that its secured vehicle loan was set to launch on 1 September 2020 as part of its consumer finance product suite.
Sources3 sources
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