Wisr up and down
Consumer lender Wisr has entered the "financial wellness" market, with the launch of an app that rounds up purchase amounts and allocates the amount to payment of a debt.The Wisr App links to a user's transaction account, rounding up purchase amounts to the nearest dollar. That amount can go to a credit card or mortgage debt "held with any financial institution in Australia", Wisr says.The app also has a "booster feature", which allows users to make extra contributions of up to A$25 to their debts.Users can suspend round-ups at any time. The app costs $1.25 a month to use.Wisr says the app was downloaded by 4000 users during its trial phase. After what it says was a positive response, the app has been released for iOS through the App Store. The Android version is in development.