Friday, December 13, 2024

Wisr Limited: Invests in European fintech platform Arbor

  • Wisr Australia’s first neo-lender and FinTech pioneer in the rapidly growing Australian consumer finance market
  • Announce it executed a term sheet to invest, via a convertible loan structure, in European financial wellness fintech platform, Arbor
  • If converted, the investment gives Wisr a small minority shareholding in Arbor, with a pathway to potentially increase the shareholding
  • The investment remains subject to finalisation of due diligence and legal documentation which anticipated by the end of April 2021
  • Strategic investment by Wisr opens up entry pathway to circa $1.76 Trillion (AUD) consumer finance market1 in EU
  • Arbor an EU based fintech with a financial wellness platform, utilising a digital wallet to offer savings

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