Institutional money floods into kiwi p2p space
Blue Elephant is one of the four major institutional investors that will provide the young platform with around $100 million of lending capital. Blue Elephant is the second institution to publicly announce its participation in the deal. The first was Heartland Bank. The bank also took a 10% equity shareholding in Harmoney in September. The other 2 investors are from overseas but so far have chosen not to be named.
Blue Elephant was founded just last year by fixed income trading and credit specialists Ashees Jain and Joseph Marra – with the goal of focusing on the intersection between technology and finance.