Ann: Wisr Q1FY21 Quarterly Report and Commentary, page-35

From the Goldman Sachs preso they mentioned that the warehouse facility has led to a 500% increase in revenue over the lifetime of a loan. They’ve still got about 1/3 of the book on the old funding model but that ratio keeps improving over time as the old loans reach maturity. Will be interesting to see if/when they get a facility specifically for the car loans as they should be able to get even more favourable terms given there’s a security involved and they’ve shown to be able to keep arrears very low.

Basically, keep growing the book on the new funding model and then sit back and watch it keep delivering revenue for years.