Business
Why the Wisr (ASX:WZR) share price is on watch
The WISR Ltd (ASX: WZR) share price is on watch this morning after an investment update from the Aussie fintech.
Why is the Wisr share price on watch?
Wisr this morning said it has executed a term sheet to invest in European financial wellness fintech platform, Arbor. A convertible loan structure will give Wisr a minority shareholding in the European financial wellness platform.
Wisr said there is a pathway to potentially increase its shareholding to 45% over the next 36 months. Forecast acquisition finalisation is April 2021 following finalisation of due diligence and legal documentation.
The Wisr share price will be in focus this morning after this latest acquisition update from the company. Shares in the Aussie fintech have…
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