Consumer finance fintech Wisr has completed a A$15 million equity raising, which it will mostly put towards investment in technology and distribution, though in practice a chunk of this capital replaces resources burned off by recent operating losses.Wisr announced yesterday that it received commitments for a placement of 220 million ordinary shares from new and existing institutional and sophisticated investors.The company's chief executive, Anthony Nantes, said in a statement: "The capital raise will add balance sheet robustness, providing a strong foundation for Wisr to continue to take advantage of the huge opportunity in Australia to disrupt the incumbents."Wisr reported in its half-year financial statement that it originated $28 million of new loans during the six months to December 2018 - an increase of 441 per cent over the previous corresponding period. Revenue for the half was $1.2 million. Net cash used in operating activities was $3.05 million and the company made a loss of $3.4 million.The company added a new aggregation partner, Connective, to its distribution network.Loans are funded through ongoing agreements with 255 Finance, Bendigo and Adelaide Bank and a retail investment fund.