Tagged: harmoney

Harmoney Reports Increase in Kiwi SMEs That Are Tapping into P2P Lending for Business Cashflow

Earlier this week, Harmoney announced there has been an increase in Kiwi SMEs that are tapping into peer-to-peer (P2P) lending for business cashflow. The New Zealand online lender stated it estimates $100 million will be loaned to business accounts through its lending platform within the… Read More

New Zealand Online Lender Harmoney Achieves $500 Million Milestone in Under Three Years of Operation

New Zealand-based peer-to-peer lending marketplace Harmoney announced on Friday it has officially achieved $500 million transaction milestone in just under three years of operation. The online lender reported that 30,000 Kiwis have joined its community and have two challenger NZ owned banks, TSB and Heartland,… Read More

P2P Lender Harmoney Gets Hit with $292,000 Fine

Leading New Zealand based peer to peer lender Harmoney has been fined $292,00 for a misleading marketing campaign. The announcement  by the Commerce Commission of New Zealand stems from an ongoing investigation regarding letters sent by Harmoney in 2014 and 2015. Harmoney has previously acknowledged its… Read More

Trade Me Invests $670,000 in P2P Lender Harmoney

Trade Me (ASX:TME) has purchased $670,000 woth of shares in New Zealand based P2P lender Harmoney. The investment was said to be designed to hold its stake at 14.4%. Harmoney also operates in Australia. According to a report in NBR, Trade Me purchased 1.3 million… Read More

New Zealand Online Lender Harmoney Tops $300 Million in Less than 2 Years

Harmoney, a New Zealand based peer to peer lending platform, has surpassed $300 million in lending just shy of their 2 year anniversary of consumer lending. According to their website, Harmoney’s bulk of borrowing has been for debt consolidation.  Interest rates start at 9.99% today. Lenders… Read More

New Zealand’s Commerce Commission Files Charges Against Harmoney For Allegedly Misleading Customers & Questionable Fees

Peer to peer lender Harmoney is taking some heat from the New Zealand Commerce Commission as they have filed Fair Trading Act (FTA) charges in the Auckland District Court against against them. The Commission previously revealed six FTA charges that Harmoney faced related to 27 versions of… Read More

Harmoney Appoints David Flacks As Chair of the Board; Announces New Director

On Monday, New Zealand’s peer-to-peer lending platform Harmoney announced that it has appointed current director David Flacks as its chair of the board and Stuart McLean will join the board as a director. According to the website, Flacks was named an independent director of Harmoney’s board just two… Read More

P2P Lender Harmoney Nears Launch of Australia Expansion

Harmoney, the first peer to peer lender in New Zealand, is readying for it’s jump over to Australia.  While an exact date has yet to be set, Scoop reports that an invite-only beta launch will happen in the next few weeks so Harmoney can work… Read More

Deja Vu. Harmoney Founder Returns as Board Chair

Towards the tail end of last summer, Harmoney founder and CEO Neil Roberts decided to depart his responsibilities from the board of the company he created. It appeared a bit odd at the time, but Harmoney was quick to assure that it was just a “personal decision”.  The executive… Read More

Harmoney Has Facilitated $170 Million in P2P Lending During 1st Year

In a bit over one year (they launched in September of 2014), Harmoney, a peer to peer lending platform based in New Zealand, has funded over £170 million to more than 10,000 Kiwis.  Realised annual returns on all loans on the platform have topped 12%…. Read More

Harmoney Adds Prominent Names to Advisory Board

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… Read More

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

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… Read More

Harmoney Provides Update as Two New P2P Platforms Enter NZ Market

Harmoney, the first peer to peer lending platform in New Zealand, is welcoming some new competition. Recently the Financial Markets Authority authorized two new platforms; LendMe and Squirrel Money.  According to a report in the Stuff.co.nz, both platforms expect to launch before the end of… Read More

Peer-to-Peer Platform Harmoney Celebrates First Birthday; Achieves $100M Lending Milestone

Happy Birthday, Harmoney! The peer-to-peer (P2P) platform celebrated a successful first year as a New Zealand’s operating P2P lender, achieving unprecedented growth, creating jobs in New Zealand, Australia and Fiji and is currently preparing to launch in Australia. Harmoney highlights: Facilitated $100 million of personal loans in less than 12 months… Read More

Neil Roberts Harmoney Founder & CEO Leaves Board of Directors without Explanation

Neil Roberts, founder of New Zealand based peer to peer lender Harmoney, has unexpectedly stepped down as his role as a member of the platform’s Board of Directors.  Reportedly Roberts will remain as CEO. Roberts launched Harmoney as the first P2P platform in the country… Read More

P2P Lender Harmoney Tops $50 Million in Loans

Harmoney, a peer to peer lending platform operating in New Zealand, has surpassed $50 million in loans via over $1.4 million in transactions according to a recent report.  Harmoney is quoted as claiming this makes their direct lending platform “the fastest growing peer-to-peer lending marketplace… Read More

LendMe Dubbed First Platform to Offer Secured Peer-to-Peer Lending in New Zealand

LendMe today announced that it has received its peer-to-peer(P2P) license from the Financial Markets Authority and is the first peer to peer lender in New Zealand to specialize in secured lending; offering a range of loan products that will be secured by mortgage over borrowers’… Read More

Interview: Cloud Lending CTO Darpan Saini and LendingPoint CTO Franck Fatras Discuss Partnership and Cloud Solutions

In February Cloud Lending Solutions announced that its customer and partner,  LendingPoint, had successfully used Cloud Lending as a foundation to go from concept to market in less than ninety days.  Helmed by CEO and Founder Snehal Fulzele and CTO Darpan Saini,  Cloud Lending has quickly disrupted global direct online lending as more and… Read More

Harmoney Appoints Trio of Senior Executives: CEO Neil Roberts Cites Quick Growth

New Zealand’s first peer to peer (P2P) lending platform Harmoney today announces the appointment of three senior executives to support the company’s growth objectives. Launched in September 2014, Harmoney is enjoying strong response from customers on both sides of the lending transaction, and attracting interest from… Read More

Peer to Peer Lender Harmoney Raises $10 Million as Trade Me Leads with 15% Stake in Company

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… Read More

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