Harmoney Corp Limited (ASX:HMY) (Harmoney or the Company), Australasia’s largest online direct personal lender, has secured its third debt warehousing facility, from M&G Investments (“M&G”), a leading global asset management firm. The NZ$200 million facility* will help to grow Harmoney’s loan originations; accelerate the transition to a 100% warehouse funding model; and support the expansion of Harmoney’s product offering to more consumers across Australia and New Zealand.
Trading in the shares in Australasia’s largest online direct personal lender, Harmoney Corp Limited (ASX:HMY) (Harmoney or the Company), will commence on a normal settlement basis on ASX at 11.00am (AEST) today following the successful completion of its A$92.5 million Initial Public Offering (IPO) at A$3.50 per share.
Harmoney, a leading digital platform lender in Australasia, has successfully completed a Series C funding round which has raised AU$22.9 million (NZ$25 million) in capital from two new Australasia-based investors. The company, founded in New Zealand in 2014, has received its latest financial backing from Australian private equity firm Kirwood Capital and a private institutional investor based in New Zealand.
Harmoney has been named Australia’s top risk-based personal loan at the 2019 Finder awards. It is the first year a personal loans category has been included in the Finder product awards, which celebrate the best and most innovative businesses challenging the status quo on behalf of consumers.
Australasia’s largest marketplace lender is meeting a rapid pace of growth by ushering financial services leader David Stevens into the business from 1 September 2019. Mr Stevens steps into the CEO role in early 2020, a transition which will free Harmoney’s founder and current CEO Neil Roberts to focus on strategy and product as the platform continues to innovate and lead across both markets.
Harmoney has been advised that the Commerce Commission intends to commence civil proceedings in the High Court by way of “case stated” to clarify whether the platform fee charged by Harmoney to borrowers from its marketplace platform is subject to the Credit Contracts and Consumer Finance Act 2003 (CCCFA). The case stated procedure is rarely used and enables the courts to provide a ruling on the interpretation of a particular law.
The leading peer-to-peer lending marketplace Harmoney has announced changes to its fee structure for Lenders, effective from 13 June 2016. The changes follow the restructuring of fees to Borrowers in December 2015, at which time the company significantly reduced the Platform Fee for all Borrowers.
Harmoney Corp Limited, Australasia’s largest and fastest growing peer-to-peer lending marketplace, has confirmed the sale of $8.5m of Series B shares to a US-based investor and UK-based P2P Global Investments PLC (P2PGI). The Series B round values Harmoney at $109m.
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 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.
Ahead of its upcoming launch in Australia and tooling up for expected triple digit growth in the coming year, peer to peer marketplace Harmoney announces a new look Senior Leadership Team. Brad Hagstrom will be promoted to a Joint CEO position, taking on the day-to-day operations of the platform. This change will allow Founder and current CEO, Neil Roberts to concentrate on new channels, markets and other strategic growth opportunities. Chairman, Rob Campbell says “Brad and Neil are a proven and winning team. Having joint CEOs at this stage in Harmoney’s development is the right thing and will help us...
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.
New Zealand’s first peer to peer lender Harmoney today launched its online lending marketplace with $100m lending capital, bringing the world’s fastest growing form of lending to the Kiwi public. CEO Neil Roberts says that Harmoney will turn lending upside down and compete head-to-head with the banks in the personal loan and term investment categories.