Harmoney launches with $100m

By Greg Elisara. Posted 10 September 2014.

New Zealand's only licensed peer-to-peer lender, Harmoney, said it has commitments for $100 million from investors. Harmoney, whose online platform went live four weeks ago and officially launched on Wednesday, matches investors with borrowers of up to $35,000 with interest rates ranging from 9.99 percent to as high as 39.99 percent depending on their assessed risk profile.