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

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

Lenders have begun offering disaster relief packages for customers impacted by Tropical Cyclone Seroja in Western Australia. ...

Boutique lender Apickle has launched new finance product for SMEs using eftpos that enable them to borrow up to $200,000 without an asset se...

The federal government said it is pleased that higher confidence levels have led to a strong housing market but said that it is “keeping a...


Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.


LATEST PODCAST: Tackling the home deposit challenge

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

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