Media

Investing with P2P

14:19 pm, 3 February 2016

Less than two years ago there were none. Now there are four. Yes, as we've seen, that’s how many licensed peer-to-peer (P2P) lending businesses are now up and running.

While new ways of borrowing money are always welcome, you can argue that the more vital contribution P2P is making to the financial scenery at the moment is in its adding to investment options. With interest rates continually, it seems, heading toward the floor, the options are many for the borrower.

But what if you've got a bit of cash you would like a decent return on?

The full article is behind a paywall, however if you would like to read a summarised version click here.

A fine peer-to-peer romance

00:00 am, 24 January 2016

Investors are being wooed by peer-to-peer lending services, and the returns on offer can be very high. That makes them attractive, especially to the younger, digitally savvy male investors willing to take on risk in order to make high returns.

Heroku and Salesforce Power New Zealand’s First Licensed Peer-to-Peer Lending Platform

00:00 am, 22 January 2016

Financing depends on a relationship of trust between the borrower and lender. If you are borrowing money, you may be faced with navigating complex and possibly unfamiliar territory with a traditional banking institution. Not only is the typical application process cumbersome, but unexpected fees and inflated rates may crop up along the way, tipping the balance of trust. Similarly, consumers looking for diversified-risk investments may see their savings languish in low-interest accounts.

Peer-to-peer lending yet to face real test

00:00 am, 22 January 2016

The newly launched peer-to-peer (P2P) lenders may have to prove they can endure an economic downturn and become more transparent before becoming a major force in the personal/consumer loan markets. They will also have to cope with more intense scrutiny from regulators examining a part of the industry which does not have to adhere to responsible lending guidelines nor report its performance to regulators and investors in the same way as banks or other financial institutions, says John Kensington, KPMG's Head of Financial Services.

Lenders yet to face the test

00:00 am, 22 January 2016

New-style loan operations have potential, but have so far won only a small slice of the market. The newly launched peer-to-peer (P2P) lenders may have to prove they can endure an economic downturn and become more transparent before becoming a major force in the personal/consumer loan markets.

5 payments trends that are changing how the world pays for everything

00:00 am, 19 January 2016

How we pay for goods and services has changed dramatically in the past decade, so much so that in 2014 digital transactions surpassed traditional cash transactions. The payments sector is a battleground for companies to carve out a chunk of a growing, stable, and profitable market with an innovative transaction method. Here are 5 payment methods to look out for:

Deja Vu. Harmoney Founder Returns as Board Chair

00:00 am, 18 January 2016

Towards the tail end of last summer, Harmoney founder and CEO Neil Roberts decided to depart his responsibilities from the board of the company he created. It appeared a bit odd at the time, but Harmoney was quick to assure that it was just a “personal decision”. The executive shuffle did “not alter the Harmoney business in any way”. Jump forward to 2016 and Roberts is back at the helm of the board. Former Chairman Rob Campbell has departed – or resigned – regardless the results are the same.

Harmoney reshuffle sees chairman Campbell go, Roberts return

12:00 pm, 12 January 2016

Jan. 12 (BusinessDesk) - Harmoney Corp, New Zealand's first peer-to-peer lender, has gone through a boardroom reshuffle with chairman Rob Campbell departing three days after founder and co-chief executive Neil Roberts resumed his directorship following a four-month absence. Professional director Campbell resigned from the board on Dec. 14, ending a 17-month stint on the peer-to-peer lending platform's board, according to a Companies Office filing.

Harmoney board chairman goes, founder returns

09:00 am, 12 January 2016

The country's first peer-to-peer lender, Harmoney Corp, has gone through a boardroom reshuffle with chairman Rob Campbell departing three days after founder and co-chief executive Neil Roberts resumed his directorship following a four-month absence. Professional director Mr Campbell resigned from the board after a 17-month stint, according to a Companies Office filing.

A review of things you need to know before you go home on Monday

14:56 pm, 14 December 2015

FOUNDER RETURNS TO HARMONEY BOARD Neil Roberts, founder, major shareholder and co-CEO of Harmoney, has returned to the peer-to-peer lender's board as a director. Roberts stood down on July 24 with no explanation given by the company. Companies Office records show he returned to the board on December 11.

A Q&A with Harmoney GM Monica Mathis and the Sunday Star Times

10:48 am, 14 December 2015

Monica Mathis' first paid work was on her parent's farm, but her dislike of cows meant dairying was never going to be her future. Instead, Mathis turned to picking strawberries, until she landed her first peach of a job in the financial services industry. She's now general manager of Harmoney, New Zealand's first, and largest peer to peer lender.

FACE VALUE: Monica Mathis from Harmoney

00:00 am, 13 December 2015

Monica Mathis' first paid work was on her parent's farm, but her dislike of cows meant dairying was never going to be her future. Instead, Mathis turned to picking strawberries, until she landed her first peach of a job in the financial services industry. She's now general manager of Harmoney, New Zealand's first, and largest peer to peer lender.

Harmoney to launch new product aimed at taking risk out of the borrower/investor exchange as Squirrel Money enters the P2P lending market

15:03 pm, 12 December 2015

Peer-to-peer (P2P) lender, Harmoney, is set to reward investors for lending to borrowers who buy loan repayment protection. It plans to launch its Payment Protect product in full at the beginning of next year, having already made it available to borrowers and some investors.

Mary Holm: A mortgage-rental dilemma

14:54 pm, 12 December 2015

Mary Holm answers reader questions.

Diana Clement: Investors' love for lending company fading

00:00 am, 12 December 2015

Some people are unhappy with peer-to-peer firm’s charging model. Investors are falling out of love with New Zealand's first peer-to-peer (P2P) lender. Harmoney launched last year and investors relished the opportunity to make higher returns than bank lending.

Business: Harmoney founder Neil Roberts

10:31 am, 23 November 2015

Christopher Adams talks to Harmoney founder and co-CEO Neil Roberts about the rise of peer-to-peer lending, the company’s upcoming Australian expansion and how the P2P lender is safeguarding itself against bad debts.

Harmoney claims global success in loans business

10:30 am, 23 November 2015

Harmoney claims to have pulled off the world's most successful peer-to-peer lending launch outside China. In September the Auckland-based platform announced it had facilitated $100 million in lending and received loan applications worth $1 billion during its first 12 months of operation.

Kiwi peer-to-peer lender in talks with banks

13:46 pm, 16 October 2015

Ben Taylor, the Aussie-based chief executive of Harmoney Corp - which has originated $100 million of loans since it opened its doors in Auckland 12 months ago - has confirmed to AB+F that he has been in talks with all of the Australian banks with a view to stitching up a deal. “Inevitably there will be tie ups with peer-to-peer operators and the banks – it makes sense,” he said. Harmoney - New Zealand's first licensed peer-to-leer lending platform - will launch in Australia next month.

Harmoney expands advisory board with global expertise

14:53 pm, 15 October 2015

Harmoney Corp Limited, Australasia’s largest and fastest growing peer to peer lending marketplace, today announced that two of the world’s leading P2P experts Jon Barlow, Founder of Eaglewood Capital Management and Phin Upham, Principal at Thiel Capital, have joined its Advisory Board.

Harmoney expands advisory board with global expertise

13:48 pm, 15 October 2015

Harmoney Corp Limited, Australasia’s largest and fastest growing peer to peer lending marketplace, today announced that two of the world’s leading P2P experts Jon Barlow, Founder of Eaglewood Capital Management and Phin Upham, Principal at Thiel Capital, have joined its Advisory Board. Harmoney Founder and Joint CEO, Neil Roberts says the company is delighted to have the caliber of Jon Barlow and Phin Upham join our Advisory Board, as well as also becoming Harmoney shareholders. “We are thrilled to welcome Jon and Phin to the Harmoney Advisory Board, and look forward to their contributions which will be invaluable in helping Harmoney build on its impressive first year achievements.”