Auto loans swell, but fintech remains a lossmaker
Fintech lender Wisr’s loan book exceeded $1 billion for the first time in the third quarter of its 2026 financial year.
Total lending increased by 29% on a year-on-year basis, with revenue increasing 22% to over $27 million. All the while, 90+ day arrears decreased by 34 basis points.
Personal loans grew by 46% and vehicle loans grew by 111%.
Although Wisr increased its pricing for new originations in the quarter “to offset the geopolitics-driven higher funding costs”, it remains a lossmaking business.
Net losses came to 1.44% in the quarter, marking a 55 basis-point year-on-year improvement. In its 2025 financial year, net losses totalled 1.79%.
On the back of these results, Wisr has upgraded its full-year guidance to 50% worth of loan origination growth, up from 40% previously.
