The Wisr Ltd (ASX: WZR) share price is one to watch today. Shares in the Aussie financials group are climbing higher after posting a 19th consecutive quarter of growth. At the time of writing, the Wisr share price is trading for 23 cents, up 2.22%.
Why is the Wisr share price climbing?
Wisr this morning provided a quarterly update for the quarter ended 31 March 2021 (Q3 2021). The Aussie non-bank lender reported a record loan origination growth of $97.8 million. This represents a 17% increase on last quarter and 151% increase on Q3 2021.
Total loan originations came in at $488.3 million as at 31 March 2021. Wisr reported that secured vehicle loan products were delivering strong results in limited channels. That product line contributed 22% or $21.9 million of the $97.8 million in new loans.
The Wisr share price has jumped 2.2% higher to start the day following the strong trading update. Wisr also upsized its warehouse facility to $350 million during the quarter with further expansion plans slated for Q4 2021.
Further underlying the strong quarter, Wisr reported a record Q3 2021 average credit score of 771 in Q3 2021. Today’s result means Wisr has now recorded 19 consecutive quarters of back-to-back growth in an impressive run for the Aussie non-bank lender.
The Wisr share price jumped more than 2 per cent in early trade with Wisr now boasting a market capitalisation of $252.2 million at the time of writing.
Shares in the non-bank lender are trading at $0.23 per share, still shy of the company’s $0.28 52-week high.
The Wisr share price is on the move in early trade after yet another strong quarterly update from the non-bank lender. That update was highlighted by record quarterly loan origination and an upsized warehouse funding facility during Q3 2021.
The All Ordinaries Index (ASX: XAO) has jumped 0.37% higher to 7,257.80 points at the time of writing.
Wisr shares are now up 64.3% in the last 12 months and 228.6% in the last 5 years in a strong run for the company’s shareholders.