Press release

Harmoney’s Marketplace hits $500,000,000

Parnell, Auckland, 23 June 2017

Peer-to-peer lending marketplace Harmoney announced today that $500,000,000 in lending has been transacted through the platform in just under three years of operation. 30,000 Kiwis have made the choice to join the Harmoney community with additional support from two challenger NZ owned banks TSB and Heartland.

Our Lenders and Borrowers are everyday New Zealanders, from all walks of life, who have truly embraced the sharing economy and New Zealand’s lend a hand attitude by switching to Harmoney, New Zealand’s first online peer-to-peer lending marketplace.

Half a billion well lent

Kiwis have borrowed for all sorts of reasons;

  • 12,000 to pay off debt, mainly expensive Credit Card debt 
  • 4,000 have completed home improvements and renovations
  • 3,000 have taken a special trip or holiday 
  • Almost 2,000 have upgraded their car and;
  • 10,000 have borrowed for a vast array of other reasons, from dream weddings, book publishing to achieving their dreams at the Paralympics.

Using tech to create online marketplaces

New Zealander’s have made P2P marketplaces second nature to their daily life for some time now, adopting services such as UBER, Airbnb and Airtasker and enjoying better value all round.

Launched in September 2014, Harmoney has reached the half a billion milestone in June 2017 maintaining its position as one of Australasia’s largest P2P lender.

And the results speak for themselves. New Zealanders have been quick to adopt to this new and innovative way to borrow and lend and their support means that the Harmoney platform is the busiest marketplace for consumer lending in Australasia!

Investing in New Zealanders

Neil Roberts Joint CEO of Harmoney says it has been very rewarding watching Kiwis embrace the marketplace “The growth has been fantastic, but the passion that comes from our community and their continued support for Harmoney is perhaps the most rewarding of all.”

Harmoney looks forward to celebrating its third birthday in September this year with exciting innovation and new products in the wings!

Harmoney peer to peer lending the Kiwi way

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About Harmoney

The Harmoney team are committed to providing a better way to lend and borrow cutting out the need for traditional banks and finance companies.

Harmoney gained strong acclaim among their borrower community having been awarded a 5-star customer satisfaction rating 4,000 times and counting.

Previous winners of Innovator of the Year, and Deloitte Rising Star awards, Harmoney were also thrilled to be a finalist at the 2017 High Tech awards.

Harmoney was granted the first New Zealand Peer to Peer lending license by the Financial Markets Authority and was the first Kiwi peer to peer lender.

Company highlights:

  • Operating in Australia and New Zealand
  • NZ$500 million transacted by lenders and borrowers on the platform
  • 85 new jobs created
  • 150,000 accounts created to date across borrowers and lenders
  • Heartland Bank and Trade Me cornerstone shareholders