10:08 am, 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.
Read more at interest.co.nz.
10:02 am, 12 January 2015
Just a quick announcement to let you know that we have invested in lending platform Harmoney, New Zealand’s first peer-to-peer lending company. Trade Me has acquired a 15 per cent stake. Peer-to-peer lending is where investors loan money directly to unrelated borrowers via an online platform, rather than the lending occurring via a traditional financial institution like a bank.
Read more at Trade Me.
10:00 am, 12 January 2015
Trade Me has acquired a 15% stake in lending platform Harmoney, New Zealand’s first peer-to-peer lending company, for $7.7m.
The Auckland-based company was founded in July 2013, and is led by consumer finance entrepreneur Neil Roberts. Harmoney is currently the only licensed peer-to-peer lender in New Zealand.
Read more at NetGuide.
09:59 am, 12 January 2015
Trade Me Group, New Zealand's biggest online auction site, has paid $7.7 million for a 15 percent stake in Harmoney as part of the country's only licensed peer-to-peer lender’s $10 million capital-raising.
Read more at National Business Review.
09:57 am, 12 January 2015
Auction website Trade Me has snapped up a 15 per cent stake in Harmoney, New Zealand's first peer-to-peer lending operator, for $7.7 million. Auckland-based Harmoney charges fees for the use of its online platform, which officially launched in September and matches lenders with borrowers.
Read more at NZ Herald.
09:53 am, 12 January 2015
Trade Me has bought a 15 per cent stake in "peer-to-peer" lending firm Harmoney for $7.7 million. Harmoney operates an online platform through which people can offer money to others seeking loans, providing an alternative to borrowing and depositing money through the banks. It became the first peer-to-peer (P2P) lending company to obtain a licence from the Financial Markets Authority in July and had facilitated $4.5m in personal loans by November.
Read more at stuff.co.nz.
09:51 am, 12 January 2015
Online market place, auction house and employment conglomerate Trade Me Group Ltd (ASX: TME) has experienced a bit of a rollercoaster in the past few days, with shares leaping nearly 10% on positive New Zealand jobs data, before sinking 3% today on news of a 15% acquisition of Harmoney. Harmoney is New Zealand’s only licensed peer-to-peer (‘P2P’) lender, and presents an exciting alternative to low interest rate term deposits for investors.
Read more at The Motley Fool.
09:49 am, 12 January 2015
Read more at Idealog.
09:47 am, 12 January 2015
After a very successful capital fundraise in September, Harmoney has received multiple offers for investment in the equity of the platform from investors in New Zealand, the US and Asia. The highly successful Lending Club IPO has helped in increasing investor interest in the peer-to-peer sector. Neil Roberts, CEO, indicated that Harmoney could have filled this most recent round 3 or 4 times over.
Read more at AltFi.
10:16 am, 17 December 2014
… Many executives were also concerned about the potential threat of disruptive new market entrants, with all eyes on the likes of recently licensed peer-to-peer lender Harmoney. Kensington said lenders could face the equivalent of the retail industry's Amazon challenge if a technology-based company shook up the marketplace.
Read more at stuff.co.nz.
10:14 am, 17 December 2014
Launched in September this year, Harmoney is a New Zealand based peer-to-peer lending service that connects those who want to borrow with those who want to invest.
Borrowers can use Harmoney to take out a loan between $1,000 and $35,000 in three or five year terms.
Read more at NetGuide.
10:13 am, 17 December 2014
Finance company, building society and credit union bosses are concerned about the potential for new entities to win business off them through using a combination of technology and big data, KPMG says. In its annual non-banks Financial Institutions Performance Survey (FIPS), KPMG says a key theme on the mind of executives surveyed is the potential threat of a "disrupter" entering the market and the subsequent impact on their businesses.
Read more at interest.co.nz.
10:20 am, 4 November 2014
How does a business which doesn’t have a precedent in New Zealand get $100 million of investments lined up to bankroll the product so quickly? Ask CEO and founder of Harmoney, Neil Roberts, and he will tell you it is all about having intimate knowledge about credit. He thinks the people behind HarMoney knows credit very well.
Read more at Idealog.
10:18 am, 4 November 2014
Irvington, New York-based Blue Elephant Capital Management has gone global following their investment of $50 million with Harmoney, New Zealand’s only licensed peer-to-peer lending platform. Blue Elephant becomes the first institutional funder of a New Zealand P2P. New Zealand was a great country to invest in, Blue Elephant Managing Partner Brian Weinstein explained.
Read more at Bankless Times.
10:21 am, 3 November 2014
Peer-to-peer lending platform Harmoney will add a second string to its bow by facilitating loans to small businesses next year. The Auckland firm has processed $4.5 million of personal loans since its launch in July. The company is the first middleman licensed by the Financial Markets Authority to offer peer-to-peer (P2P) finance.
Read more at stuff.co.nz.
10:25 am, 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.
Read more at interest.co.nz.
10:23 am, 24 October 2014
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.
Read more at AltFi.
10:27 am, 11 October 2014
Competition from new, non-traditional financial services providers - such as online peer-to-peer lenders - is one of the biggest challenges facing major banks, says BNZ chief executive Anthony Healy. New Zealand's first peer-to-peer lending platform, HarMoney, launched last month. It charges fees for the use of its website, which matches lenders with borrowers, promising the investors who make the loans average returns of around 12 per cent.
Read more at NZ Herald.
10:38 am, 7 October 2014
Peer-to-peer (P2P) lending in New Zealand's likely to expand into areas such as real estate, student loans, insurance and mortgages, says the president of US P2P lender Prosper.
Read more at interest.co.nz.
13:44 pm, 6 October 2014
IRVINGTON, NEW YORK – October 6, 2014 – Blue Elephant Capital Management, LLC, an investment adviser focused on short-term, prime consumer and small business loans issued by online peer-to-peer (“P2P”) marketplaces, today announced that it will invest $50 million in Harmoney Corp Limited (Harmoney), New Zealand’s only licensed peer-to-peer lending platform, over the next two years.
Read more at Crowdnetic Wire.