12:01 pm, 25 September 2015
Peer-to-peer lender Harmoney has secured $200 million in funding to help its launch into Australia. The company was the first to get a licence to do peer-to-peer, or P2P, lending in New Zealand allowing it to operate an online personal loan marketplace where people who want to borrow can do so from people who want to lend.
Read more at Stuff.
12:00 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.
Read more at NBR.
11:45 am, 25 September 2015
Peer-to-peer lender Harmoney has secured $200 million in funding to help its launch into Australia,
The company was the first to get a licence to do peer-to-peer, or P2P, lending in New Zealand allowing it to operate an online personal loan marketplace where people who want to borrow can do so from people who want to lend.
13:41 pm, 24 September 2015
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 Chicago Business Journal.
13:39 pm, 24 September 2015
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 Austin Business Journal.
13:37 pm, 24 September 2015
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 Atlanta Business Chronicle.
13:36 pm, 24 September 2015
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 Boston.com.
13:34 pm, 24 September 2015
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 International Business Times.
12:02 pm, 24 September 2015
New Zealand-based peer-to-peer lending platform Harmoney has completed an NZ$200 million funding round, led by P2P Global Investments. Among other things, the funding will back a planned entry into the Australian market, where Harmoney has already set up a placeholder website.
Read more at ZD Net.
00:00 am, 24 September 2015
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 MarketWatch.
00:00 am, 24 September 2015
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 Boston Business Journal.
15:43 pm, 23 September 2015
Earlier this month Harmoney, the peer to peer (or P2P) lender, said 14 per cent of all its personal loans were for home renovation.
That was a surprise. You tend to think of higher cost personal loan (Harmoney's average loan rate excluding fees is around 18 per cent) being the preserve of non-homeowners.
Read more at Financial product: Renovation Loans.
11:59 am, 21 September 2015
Peer-to-peer lender Harmoney is set to make a bigger push to get mum-and-dad investors on board as it faces competition from two new entrants. The online business which aims to provide cheaper consumer finance than the banks attracted 10,000 sign-ups from members of the public wanting to loan their money out in its first year.
Read more at NZ Herald.
10:14 am, 20 September 2015
New Zealand peer-to-peer lender Harmoney had time to learn from the mistakes of others -- and to get its technology stack in order.
New Zealand was a late arrival at the peer-to-peer lending party as politicians took their time writing governing legislation for the disruptive business model.
That delay, however, could have helped produce the most successful P2P lending launch yet, with Harmoney clocking up NZ$100 million in loans in its first year.
Read more at ZD Net.
14:34 pm, 10 September 2015
Peer to peer lender Harmoney says it has facilitated $100 million of personal loans in its first year but is concerned about the market impact of any new competitors.
Read more at National Business Review.
14:31 pm, 10 September 2015
New Zealand's first peer-to-peer lender will expand into Australia in November, as part of a plan to drive scale and profitability.
Read more at Radio New Zealand.
14:11 pm, 10 September 2015
The country's first peer to peer lender Harmoney celebrates its first anniversary on Thursday, having made over $100 million of loans and established a platform to launch into Australia. Read more...
Read more at Stuff.
13:48 pm, 10 September 2015
The first-year success of peer-to-peer (P2P) marketplace Harmoney, New Zealand's only operating P2P lender, is showing pent-up demand for crowd-funded microloans. The company launched on 10 September 2014 with NZ$100 million of committed lending capital from institutions including Blue Elephant Capital Management and Heartland Bank. Over its first year of operation, Harmoney has facilitated NZ$100 million of personal loans in less than 12 months, the company said. Harmoney has also created 65 new jobs in New Zealand, Australia and Fiji and is preparing to launch in Australia.
Read more at WorkSmart Asia.
10:54 am, 10 September 2015
Peer-to-peer (P2P) lender Harmoney is "absolutely confident" its fees shouldn't be covered by the fee provisions of the Credit Contracts and Consumer Finance Act (CCCFA) as the Commerce Commission considers whether they should be. "We're absolutely confident of our position regarding fees (and) no one is suggesting we've not done the right thing," Harmoney founder and CEO Neil Roberts said at a media briefing celebrating the first anniversary of Harmoney's official launch.
Read more at Interest.co.nz.
10:53 am, 10 September 2015
PEER-TO-PEER lender Harmoney says it has facilitated $NZ100 million ($A91 million) of personal loans in its first year, which is 10 times better than any of its Australian peers achieved when they started up.
Read more at The Australian.