Wisr Completes $50M institutional placement
- Australian neo-lender Wisr (WZR) has completed its $50 million institutional placement
- The company released the capital raise details yesterday, claiming the new funds will support loan book growth, new market opportunities and the expansion of its technology
- Around 200 million shares at 25 cents each were issued to institutional, sophisticated and professional investors
- Additionally, the fintech company will launch a share purchase plan to raise another $5 million
- Eligible shareholders may subscribe for up to $30,000 worth of new shares at the same issue price as the placement
- Companies shares have dropped 16.4 per cent to trade at 26.8 cents
