29 August 2016
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.
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Parnell, Auckland, 10 June 2016
Peer-to-peer lending marketplace Harmoney has appointed current director David Flacks as its Chair, and Stuart McLean will join the board as a director.
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Auckland, 12 May 2016
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.
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Auckland, 15 February 2016
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.
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Auckland, 14 October 2015
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.
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Auckland, 25 September 2015
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.
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Auckland, 11 September 2015
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...
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Auckland, 10 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.
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Auckland, 12 January 2015
New Zealand’s first peer to peer (P2P) lending platform Harmoney confirmed a successful capital raise of $10m today, after receiving multiple offers from investors in New Zealand and overseas.
The successful investors are existing shareholder Heartland New Zealand, and NZX and ASX-listed Trade Me which becomes a new minority shareholder, strategic partner and distribution channel. Trade Me, New Zealand’s leading online marketplace and classified advertising platform, has invested $7.7m for a 15 per cent share in Harmoney.
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Auckland, 10 September 2014
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.
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Auckland, 4 September 2014
New Zealand’s first peer to peer (P2P) lending platform Harmoney today announced the composition of its advisory board, a group of seasoned early stage P2P investors, P2P senior executives and consultants and tech entrepreneurs whose experience will guide the company as it prepares to launch in the New Zealand market and eventually, beyond.Harmoney today announced that it was the first lender in New Zealand to reach the standard required to obtain a Peer to Peer Lending License as granted by the sector’s regulator, the Financial Markets Authority.
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Auckland, 1 August 2014
Peer to peer lending platform Harmoney today announced the appointment of its full board of directors. This follows the announcement in May of former GPG Chairman Rob Campbell as Harmoney Chairman. Appointments to the Harmoney board are Bell Gully Partner David Flacks who is also on the Board of Vero Insurance New Zealand, technology entrepreneur and current Chief Executive of Localist, Christina Domecq, and Tracey Jones, CFO/COO of Tappenden Holdings Limited, one of New Zealand’s largest private investment portfolios.
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Auckland, 8 July 2014
Harmoney today announced that it was the first lender in New Zealand to reach the standard required to obtain a Peer to Peer Lending License as granted by the sector’s regulator, the Financial Markets Authority. Harmoney CEO Neil Roberts says that Harmoney is delighted to be the first Peer to Peer lender in New Zealand which is the fastest growing form of lending on the planet and is completely changing the way people borrow and invest.
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Auckland, 20 May 2014
New peer-to-peer lender Harmoney today announced the appointment of Rob Campbell as its founding chairman. Campbell’s current directorships include Somerset, Tourism Holdings and Localist. He recently retired as Chairman of Guinness Peat Group (GPG) having completed the divestment mandate.
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