Anthony Nantes

Wisr raised $33.5 million from institutional and sophisticated investors through a placement of 181 million shares.

The company will also use to the proceeds of the raise to accelerate the rollout of its product ecosystem.

“We are very pleased with the strong support we have received for the capital raise,” said Anthony Nantes, CEO of Wisr.

“The result is a clear validation of Wisr’s strategy and vision to provide Australians with a smarter, fairer alternative when it comes to their personal finances, and our approach to redefining what a consumer lending company can be.”

Wisr also intends to undertake a share purchase plan for existing retail shareholders with a cap of $1.5 million.