Ann: Trading Halt, page-36

The Insto's have been buying the stock for a while which is why the "19-20cent" barrier wasn't breached while the market/fintech had some dark days over past few months. Underlying performance is out of the box and the only researcher I can find has upgraded them from 35 cents to 45-50 cents over past 9 months. After Neo and Neo like Judo and Greensil fails there seem to be a wariness re any stock in the wider spectrum APT, ZIP etc
article from market herald 30 March 2021
Wisr (WZR) has made a strategic investment in European fintech platform ArborArbor is a personal finance platform with almost 100,000 customers in the European market, offering a suite of products to help improve a customer’s financial wellnessA term sheet to invest has been executed via a convertible loan structure for the platform which, if converted, will grant Wisr a small minority shareholding in ArborAny additional investment is at Wisr’s option, subject to future valuation thresholds and contingent on various milestones being achievedThe investment remains subject to finalisation of due diligence and legal documentation, expected by the end of April 2021Wisr is up 2.44 per cent, trading at 21 centsWisr (WZR) has made a strategic investment in European fintech wellness platform Arbor.A term sheet to invest has been executed via a convertible loan structure for the platform. If converted, Wisr will hold a small minority shareholding in Arbor, with a pathway to potentially increase the shareholding to 45 per cent over the next three years.Any additional investment is at Wisr’s option, subject to future valuation thresholds and contingent on various milestones being achieved.Arbor has a personal finance platform with a suite of products to help improve a customer’s financial wellness. The company has accumulated almost 100,000 customers in the European market and is rapidly growing, with a 20 per cent month-on-month growth rate.“This is a small but highly strategic first step in taking Wisr’s business model global and we’re very excited to be partnering with Arbor on this journey,” said Chief Executive Officer of Wisr Anthony Nantes.“We share a clear and united vision of disrupting the outdated consumer credit model with a superior alternative: a highly automated digital lending experience based on market leading UX, delivered alongside a customer platform that actually improves financial wellness. This allows us to build better, data-driven relationships with customers at every stage of their lifecycle and opens up a number of potential revenue models.”The investment remains subject to finalisation of due diligence and legal documentation, expected by the end of April.“This partnership will enable us to grow our ethical lending business and scale it across Europe, using our current, rapidly growing user base as a springboard to do so,” said Arbor Chief Executive Officer, Nicholas Salguero.“Wisr´s expertise as an ethical lender is a perfect match for Arbor's mission to improve people’s financial wellness across the European continent, adding a highly valuable alternative to traditional lending practices where sadly the customer comes second. This partnership is the first step towards changing that paradigm and we’re very excited to be announcing it today.”Wisr is up 2.44 per cent, trading at 21 cents at 10:45 am AEDT.WZR by the numbersMORE FROM THE MARKET HERALDLikely the raise is due to the European investment in Arbor.