subscribe to our newsletter

$50m NAB-funded warehouse facility goes live

A neo-lender has announced that its $50-million debt warehouse program, funded by NAB, is now live and operational.

Wisr has announced that its two-year debt warehouse program is now live and operational, after notes were issued to subordinated investors on Friday (15 November) to commence the funding of personal loan receivables.

The $50-million debt warehouse facility, funded by National Australia Bank (NAB), was announced on 28 October 2019, and is set to triple the average margin to Wisr compared with current loan unit economics.

Further, the initial $50-million warehouse size has the potential to size up to $200 million, with a possible extension of the two-year availability period.

According to Wisr, the new facility meets the company’s objectives to: increase debt capacity to fund growth, diversify funding partners to offset risks, improve overall margins, and improve specific loan unit economics.


Andrew Goodwin, chief financial officer at Wisr, said: “This is an important first step in a partnership that will dramatically improve Wisr’s revenue projections, path to profitability, and our underlying loan unit economics. 

“It provides assurance for our growth aspirations, supports the rapid scaling of our personal loan originations, and allows scope for Wisr to develop new lending products going forward.

“The warehouse program further enhances Wisr’s strategy to redefine and reinvent what a consumer lending company can be,” Mr Goodwin concluded. 

At the time the warehouse facility was announced, Cathryn Carber, executive general manager, corporate and institutional banking at NAB, said the partnership with Wisr serves as part of the bank’s $2-billion commitment to fund the growth of Australian fintechs.

[Related: Lender secures $50m NAB-funded warehouse facility]


$50m NAB-funded warehouse facility goes live

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

Hannah Dowling

Hannah Dowling is a journalist for mortgage business, the leading source of news, opinion and strategy for professionals working in the mortgage industry.

Prior to joining the team at Mortgage Business, Hannah worked as a content producer for a podcast catering to property investors. She also spent 6 years working in the real estate sector at a local agency. 

Hannah graduated from Macquarie University with a Bachelor of Media and Journalism. 

You can email Hannah at: This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest News

The RBA has announced its August rate decision as ongoing lockdowns dampen speculation about imminent rate rises. ...

The CEO of a customer-owned lender has warned that mutual banks that do not have scale and financial strength will be ‘unsustainable’ i...

Two more major banks have signalled both permanent and partial closures in their branch networks. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.