Media

Finextra

New Zealand P2P lender Harmoney adds Jon Barlow and Phin Upham to advisory board

10:51 am, 14 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."

Read more at Finextra.

PR Newswire

Harmoney Expands Advisory Board with Global Expertise

10:46 am, 14 October 2015

AUCKLAND, New Zealand, Oct. 14, 2015 /PRNewswire/ -- 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."

Read more at PR Newswire.

Crowdfund Insider

Harmoney Adds Prominent Names to Advisory Board

10:34 am, 14 October 2015

Harmoney, the first peer to peer lender to launch in New Zealand, has added some big names to its advisory board. Accord to a release published by the P2P site, Jon Barlow, founder of Eaglewood Capital and Phin Upham of Thiel Capital have signed up to help advise the young company on its path of growth. Thiel Capital was founded by VC rockstar Peter Thiel who is best known for co-founding PayPal and Palantir and being an early backer of Facebook, OnDeck, SoFi and Avant. Eaglewood has been a huge investor in the direct lending space. Eaglewood has since been sold to the affiliated company of Marshall Wace. Barlow departed the firm’s management earlier this year. Barlow was quoted on the announcement, “New Zealand/Australia has the potential to be one of the most profitable P2P markets in the world, and Harmoney has established itself as the leader in that market.”

Read more at Crowdfund Insider.

AltFi News

Two new additions to Harmoney’s advisory board

10:33 am, 14 October 2015

Harmoney welcomes capital markets and business growth experts to its advisory board. Australasia’s largest peer-to-peer lending marketplace Harmoney has announced that Jon Barlow, Founder of Eaglewood Capital Management, and Phin Upham, principal at Thiel Capital, have joined its Advisory Board. Neil Roberts, Harmoney Founder and Joint CEO, feels delighted to have the expertise of Mr Barlow and Mr Upham within the company, not only as members of the advisory board, but also as shareholders.

Read more at AltFi News.

Good Returns

Big boost for Harmoney

13:43 pm, 25 September 2015

Harmoney is New Zealand's first peer-to-peer operator and has been in operation for a year. It has seen strong growth and issued more than $100 million in loans before it reached its first anniversary. Its chief executive Neil Roberts said he expected it to have its first $2 million day within the next couple of months. But to break into the Ausrtralian market it needs more capital.

Read more at Good Returns.

Voxy

Harmoney completes $200m funding round

13:43 pm, 25 September 2015

Harmoney Corp Limited, Australasia's largest and fastest growing peer to peer lending marketplace, today announced that the company has completed a $200m funding round, led by P2P Global Investments PLC (P2PGI) managed by Eaglewood Europe LLP (a subsidiary of alternative asset manager Marshall Wace).

Read more at Voxy.

Yahoo Finance Singapore

HARMONEY Completes $200m Funding Round with a Valuation of $100m

13:32 pm, 25 September 2015

Harmoney Corp Limited, Australasia's largest and fastest growing peer to peer lending marketplace, today announced that the company has completed a $200m funding round, led by P2P Global Investments PLC (P2PGI) managed by Eaglewood Europe LLP (a subsidiary of alternative asset manager Marshall Wace). The agreement includes both equity and debt, with P2PGI also signing an agreement for $200m of lending capital for Harmoney's marketplace. P2PGI will purchase loans from the Harmoney marketplace* up to $200m over the next three years across both the New Zealand and Australian markets.

Read more at Yahoo Finance Singapore.

Yahoo Finance

HARMONEY Completes $200m Funding Round with a Valuation of $100m

13:31 pm, 25 September 2015

Harmoney Corp Limited, Australasia's largest and fastest growing peer to peer lending marketplace, today announced that the company has completed a $200m funding round, led by P2P Global Investments PLC (P2PGI) managed by Eaglewood Europe LLP (a subsidiary of alternative asset manager Marshall Wace). The agreement includes both equity and debt, with P2PGI also signing an agreement for $200m of lending capital for Harmoney's marketplace. P2PGI will purchase loans from the Harmoney marketplace* up to $200m over the next three years across both the New Zealand and Australian markets.

Read more at Yahoo Finance.

Crowdfund Insider

Brief: Harmoney Completes $200M Funding Round; Valuation Soars to $100M

12:24 pm, 25 September 2015

Harmoney, Australasia's peer-to-peer lending (P2P) marketplace, announced on Thursday that the company has completed a $200m funding round, led by P2P Global Investments PLC (P2PGI) managed by Eaglewood Europe LLC, a subsidiary of alternative asset manager Marshall Wace. The agreement includes both equity and debt, with P2PGI also signing an agreement for $200m of lending capital for Harmoney's marketplace. P2PGI will purchase loans from the Harmoney marketplace* up to $200m over the next three years across both the New Zealand and Australian markets.

Read more at Crowdfund Insider.

Bankless Times

The Daily Dig for Friday, September 25

12:15 pm, 25 September 2015

Harmoney gets healthy nest egg to launch Aussie P2P. New Zealand-based P2P Harmoney has received $200 million from investors to launch a P2P in Australia. Rob Stock reports.

Read more at Bankless Times.

Sydney Morning Herald

NZ P2P lender Harmoney starts in Australia

12:15 pm, 25 September 2015

The rush to take a chunk of banks' $55 billion personal loan revenue will accelerate in November when NZ peer-to-peer lender Harmoney starts operations in Australia with $NZ200 million ($180 million) in new funding behind it. It will join three other "marketplace lenders" doing personal loans - SocietyOne, RateSetter Australia and MoneyPlace, which is due to start operating in October.

Read more at Sydney Morning Herald.

Australian Financial Review

NZ P2P lender Harmoney starts in Australia

12:11 pm, 25 September 2015

The rush to take a chunk of banks' $55 billion personal loan revenue will accelerate in November when NZ peer-to-peer lender Harmoney starts operations in Australia with $NZ200 million ($180 million) in new funding behind it. It will join three other "marketplace lenders" doing personal loans - SocietyOne, RateSetter Australia and MoneyPlace, which is due to start operating in October.

Read more at Australian Financial Review.

Scoop

UPDATE: UK-based P2P Global takes 4.5% stake in Harmoney

12:10 pm, 25 September 2015

UK-based peer-to-peer lender P2P Global Investments has lifted its stake in local platform operator Harmoney to 4.5 percent, while also giving the Auckland-based firm a $200 million funding line. P2P Global Investments increased its holding in Harmoney to about 7 million shares worth some $4 million, a Harmoney spokeswoman said in an emailed statement. That implies a share price of 57 cents and is up from about 1.1 million shares, or 0.3 percent in February. That month, P2P Global Investments participated in an earlier capital raising, buying about 615,000 shares at 32.5 cents a share, according to Companies Office filings. That implies the UK firm paid about $3.1 million for the new shares.

Read more at Scoop.

Sharechat

Harmoney gets $200 mln funding line from shareholder P2P Global

12:07 pm, 25 September 2015

Harmoney Corp, which operates an online peer-to-peer financial services platform, has secured a $200 million funding line from investor P2P Global Investments, which also increased its stake in the Auckland-based firm. The deal involves debt and equity, and will see P2P Global Investments "purchase loans from the Harmoney marketplace up to $200 million over the next three years across both the New Zealand and Australian markets," the company said in a statement. Harmoney facilitated $100 million of loans in its first year of operation.

Read more at Sharechat.

RNZ

P2P Global Investments takes stake in Harmoney

12:04 pm, 25 September 2015

The peer-to-peer investor, P2P Global Investments, is lending Harmoney up to 200 million dollars to support its growth in the New Zealand market and the soon-to-be-launched Australian business.

Read more at RNZ.

Interest.co.nz

Harmoney builds war chest for Aussie launch and says it's now valued at $100m

12:02 pm, 25 September 2015

Harmoney says it has secured $200 million of institutional funding from the British based P2P Global Investments PLC, which is also becoming a 4.5% shareholder in the peer-to-peer (P2P) lender. Harmoney says P2P Global Investments will lend $200 million through Harmoney over three years, with the bulk of this likely to be lent through Harmoney's soon to be launched Australian online platform.

Read more at Interest.co.nz.