- 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
