Blue Elephant Capital Management to lend US$50 million through p2p lender Harmoney over 2 years

By Greg Elisara. Posted 24 October 2014.

United States firm Blue Elephant Capital Management LLC will invest US$50 million through New Zealand's first licenced peer-to-peer (P2P) lending platform Harmoney over two years. Blue Elephant is one of the four entities Harmoney said last month had agreed to provide about $100 million of lending capital for Harmoney. The Irvington, New York based Blue Elephant is the second of the four to out itself, following Heartland Bank. The bank also took a 10% shareholding in Harmoney.