Aspiring neobank Novatti reported its December 2019 quarter revenue was A$2.49 million, in line with first half 2019-20 revenue of $4.96 million, a 29 per cent increase on the FY19 result. Novatti's core business remains transaction processing, with a year-on-year revenue rise of 45 per cent to $1.55m, the company stated via the ASX. The company's cash flow was impacted by $1.5m in one-off costs, attributed to its application to APRA for a restricted authorised deposit-taking institution licence. The company said it expected an FY19 research and development claim to yield a cash rebate of around $500,000 in the March 2020 quarter. In its business update for 2Q 2020 Wisr Limited, a self-described "neo-lender" said it had originated $31.6 million in new loans in the quarter, a 36 per cent increase on the previous quarter. Half-year originations for 2020 of were $54.9 million, a 35 per cent increase on 2H FY1. This was an approximate tripling of the average margin when compared to previous loan unit economics. Wisr received commitments to raise $33.5 million via a placement of approximately 181 million ordinary shares on 16 January.