The Wisr Story
At Wisr, we’ve got big dreams that go beyond just turning a profit.
We are a purpose-led organisation committed to the financial wellness of Australians.
How are we doing this?
We want to be part of your financial journey.
Okay, we say journey, but we know it can sometimes feel more like a rollercoaster. Whether it’s paying off debt, improving your credit score, or taking out a loan — we want to be there for the ride and help make smarter decisions easier for you.
...ready for the long answer?
Australians get a (really) bad deal.
We don’t know what it is about being in Oz, but we get a rough deal on a lot of things. Higher beer prices, avocados at $5 a pop... and high interest rates.
Compared to the rest of the world, Aussies get some of the highest rates on consumer finance. That means we’re getting 13–30% on average (yep, 13% is generally the lowest) when our friends from Britain have rates that starting in the low single digits.
Not cool, right?
The perfect regulatory storm.
The Royal Commission has been cracking down on banks and their bad behaviours. It’s about time, too. In February 2019, they made 76 recommendations to financial institutions (including the superannuation, insurance, and financial advice sectors) so they act ‘by a higher moral standard’.
"Why did it happen? Too often, the answer seems to be greed - the pursuit of short-term profit at the expense of basic standards of honesty." Commissioner Kenneth Hayne
We’ve also got Open Banking rolling out, which is a pretty big game-changer. It means that banks must make your data accessible to you and other financial institutions—which means more choice, and more innovative financial products. It’s why we’re able to have financial apps like Wisr App that can connect to your bank account and let you pay down your debt in the background.
Given all that’s going on, we believe there’s never been a better time to build a purpose-led business in consumer finance. The tailwinds and momentum are well and truly behind businesses like Wisr, who look to champion the customer and provide a smarter, fairer alternative for consumers.
By fusing the best of emerging fintech with the reliability of a traditional lender, Wisr is focused on delivering the most exceptional experience possible for people just like you.
We’re helping Aussies wise up.
Most of us have come to terms with Australia being expensive and just accept the rates we’re given. To give you a fairer deal, Wisr offers personalised interest rates based on your credit history.
So, the rate you get, the rate your mum gets, and the rate your best mate gets… will all be personalised.
At Wisr we reward good financial behaviour, and hey, if you’re not there yet, we’ve got some pretty handy tools to track your credit score and help improve it over time.
On top of that, we’re speeding up the approval process—automating what makes sense and keeping the important human touch points, like speaking to our Australian based contact centre. That’s the Wisr way.
Who are we?
We’re a passionate group of talented finance professionals, entrepreneurs, teachers, surfers and nutritionists who have all come together to provide you a fairer deal on finance.
“With an unwavering commitment to improving the financial wellness of all Australians, Wisr is building a purpose-led business capable of delivering this new type of experience to the millions of Australians who apply for a personal loan each year.” – Anthony Nantes (CEO, Wisr)
We come to work every day and work pretty darn hard to make financial wellness more accessible.
Getting our hands dirty.
It’s still early days, but here’s what we’ve been up to so far.
Whatever happened to fairness when it comes to getting access to credit? Wisr personal loans are personalised to your credit history, the better your credit history is, the lower the rate could be. We also think you should be able to pay it back as soon as you like with no ongoing, early repayment of hidden fees.
WisrCredit (...the site you’re on right now!) is the only site in Australia where you can check and compare multiple credit scores. Once you know where you stand, get access to tools, tips, and content to help you take your finances to the next level.
Every little bit helps when it comes to paying off your debt. Wisr App is the only app in Australia that lets you round-up your digital spare change to pay down your debt faster.
We love collaborating with companies who share our vision of financial wellness. We can help launch financial literacy programs through Wisr @ Work and even offer co-branding through Wisr&Co.