11:58 am, 9 September 2015
Peer to peer marketplace Harmoney celebrates a successful first year as New Zealand's only operating P2P lender, achieving unprecedented growth, creating jobs in New Zealand, Australia and Fiji and preparing to launch in Australia.
Read more at Seeking Alpha.
10:58 am, 9 September 2015
Peer to peer marketplace Harmoney celebrates a successful first year as New Zealand's only operating P2P lender, achieving unprecedented growth, creating jobs in New Zealand, Australia and Fiji and preparing to launch in Australia.
Read more at Reuters.
10:57 am, 9 September 2015
You could fit the entire population of New Zealand (4.5 million people) in the New York City boroughs of Queens and Brooklyn. It is not a big country and certainly not where you would expect to find one of the emerging world leaders in marketplace lending. But Harmoney, celebrating their first year in business, is quickly becoming a force to be reckoned with.
Read more at Lend Academy.
10:54 am, 9 September 2015
So a year on from Harmoney's official launch what has been achieved, and what might be next? Harmoney, thanks to its institutional funders including Heartland Bank and Blue Elephant Capital Management, is likely to have met its target of facilitating at least $100 million of lending via its online platform within 12 months. This appears a given as in late July chairman Rob Campbell said Harmoney had facilitated $86 million of lending by then.
Read more at Interest.co.nz.
12:12 pm, 24 June 2015
Armchair shopping for personal loans is now considerably easier. But there are a large number of lenders seeking your business, depending on your credit worthiness and how fast you want the money.
In general, the lower your credit worthiness, the more interest you pay, though there are a range of prices out there and it is easy to overpay for personal debt.
Read more at stuff.co.nz.
15:28 pm, 17 June 2015
Josh Daniell, co-founder of Snowball Effect, says the $2 million limit placed on those raising money through equity crowdfunding is a "good place to start" but will probably be revised over time.
The $2 million cap in one year was raised today during a discussion on new platforms for raising capital at the Conferenz financial markets law conference in Auckland. The panel included Mr Daniell, Neil Roberts from peer-to-peer lender Harmoney, and NZX head of funds management Aaron Jenkins, who has been heavily involved in setting up the new NXT market, which launches tomorrow with the compliance listing of G3 Group.
Read more at The National Business Review.
16:36 pm, 9 June 2015
Without a doubt one of my most popular columns has been the Harmony Peer to Peer Lending experiment.
I regularly get emails from people asking how it has gone.
So, I thought this week was a good time to give a little update.
Read more at interest.co.nz.
17:06 pm, 30 May 2015
Many of the biggest and most controversial innovations in finance are now coming in the lending space. Tech companies are creating entirely new financial systems in emerging and developed markets, from mobile wallets to loans that get approved based on your social media scores to new kinds of payroll systems — which in turn could facilitate lending.
Read more at Forbes.
09:50 am, 28 May 2015
HARMONEY PASSES $50 MILLION. Peer-to-peer lender Harmoney says it passed a significant milestone this month with more than $50 million having now been lent via its online platform with more than 1.4 million transactions facilitated to date. Harmoney says this makes it the fastest growing peer-to-peer lending marketplace in Australasia.
Further Reading:
Popular loan types available on the Harmoney platform:
Read more at interest.co.nz.
13:41 pm, 24 May 2015
2013’s Financial Markets Conduct Act [...] has opened the door to some of the world’s most innovative finance businesses. One of them (you might know it for its reads-both-ways logo) is Harmoney. Harmoney describes itself as a peer-to-peer lending service, connecting people with money to lend to others wanting to borrow it (although a proportion of the site’s book is funded by institutional lenders.) ...
Read more at The National Business Review..
09:52 am, 14 May 2015
IN HARMONY WITH HARMONEY
The biggest player in the new world of crowd funding is Harmoney, which launched in September last year with big backers, TV advertising and big plans to lend $100 million in its first year on its peer-to-peer lending platform.
Hoping to follow in the fast-growing footsteps of the likes of Lending Club in the United States and Zopa in Britain, Harmoney lent $30 million in personal loans in its first six months, although it is also looking to enter the mortgage market
Read more at NZ Herald.
13:45 pm, 26 February 2015
Neil Roberts, Harmoney's CEO and majority owner, told interest.co.nz in a Double Shot interview his firm is looking "long and hard" at entering the mortgage market, where banks are competing fiercely for business and where the Reserve Bank has placed restrictions on high loan-to-value ratio lending. Roberts said plotting a possible move into mortgages was currently a greater priority for Harmoney than entering the SME market ...
Read more at interest.co.nz.
13:43 pm, 11 February 2015
The aggressively-growing peer-to-peer (P2P) lender Harmoney has announced three new employee appointments, including two appointments apparently aimed at a targeted expansion into Australia.
Harmoney, which was NZ's first licenced P2P lender, has been in operation only since last September, but ...
Read more at interest.co.nz.
09:55 am, 5 February 2015
Traditional banks cannot compete with burgeoning Peer-to-Peer (P2P) lending platforms who place community interaction at the heart of the modern lending experience, according to MoneyPlace CEO Stuart Stoyan.
Stoyan said the nature of banking today revolves around a culture of “accepted profits”, arguing there has been no “real innovation” in how customers lend and invest.
Read more at FST Media.
16:56 pm, 30 January 2015
Sites such as Harmoney, the New Zealand based peer-to-peer lending service that was launched last September, are said to be disrupting traditional banks and are changing the face of financing as we know it.
In 1994 Bill Gates said, “Retail banks are dinosaurs,” and it is only now becoming apparent how online lending sites will impact significant change on the banking sector.
Read more at Techday Biz Edge.
09:39 am, 29 January 2015
There’s a new way of borrowing and investing in town. Harmoney is the first New Zealand peer-to-peer lender to be licensed by the Financial Markets Authority. But more may be coming. We look at what you should know.
Read more at Consumer.
09:41 am, 17 January 2015
At one end of the scale are the big disrupters — the Ubers, the Alibabas and Tinders of a connected world.
And then there are the modest operators getting traction in New Zealand, giving established players a run for their money and appealing to a younger demographic willing, for instance, to take a punt on a novel form of investment.
Read more at NZ Herald.
09:44 am, 13 January 2015
Harmoney, New Zealand’s first peer to peer lending platform, has raised $10 million in new funding to support the company’s growth. The decision to raise capital was said to be “in response to customer demand that has driven rapid month-on month growth since the launch of the Harmoney platform”. Harmoney is the first, and presently only, P2P lender to receive a licence by New Zealand’s Financial Market Authority.
Read more at Crowdfund Insider.
10:11 am, 12 January 2015
Online auction site Trade Me has broadened its horizons with a 15 percent stake in peer-to-peer lender Harmoney, joining Heartland New Zealand as one of web-based firm’s backers. Wellington-based Trade Me spent $7.7 million taking the stake in a $10 million capital raise, and will use its network to promote Harmoney as part of its expansion into consumer finance. Heartland, which took a 10 percent stake in Harmoney last year, also backed the capital raise.
Read more at Yahoo! NZ.
10:09 am, 12 January 2015
Trade Me has acquired a 15 per cent stake in lending platform Harmoney (harmoney.com), 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 NZX.