Trade Me pays $7.7 million for 15% stake in peer-to-peer lender Harmoney

By Greg Elisara. Posted 12 January 2015.

Trade Me has bought a 15% stake in New Zealand's first licenced peer-to-peer (P2P) lender Harmoney for $7.7 million. The announcement comes as Harmoney says it has raised capital of $10 million, including the Trade Me deal and existing shareholder Heartland Bank investing additional money in the P2P lender having taken a 10% stake last year.