About us

Media

NZX

Trade Me acquires stake in peer-to-peer lender Harmoney

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.

interest.co.nz

Trade Me pays $7.7 million for 15% stake in peer-to-peer lender Harmoney

10:08 am, 12 January 2015

Trade Me has bought a 15% stake in New Zealand's first licenced peer-to-peer (P2P) lender Harmoney for $7.7 million. The announcement comes as Harmoney says it has raised capital of $10 million, including the Trade Me deal and existing shareholder Heartland Bank investing additional money in the P2P lender having taken a 10% stake last year.

Read more at interest.co.nz.

Trade Me

We’ve invested in peer-to-peer lender Harmoney

10:02 am, 12 January 2015

Just a quick announcement to let you know that we have invested in lending platform Harmoney, New Zealand’s first peer-to-peer lending company. Trade Me has acquired a 15 per cent stake. Peer-to-peer lending is where investors loan money directly to unrelated borrowers via an online platform, rather than the lending occurring via a traditional financial institution like a bank.

Read more at Trade Me.

NetGuide

Netguide - Trade Me acquires stake in peer-to-peer lender Harmoney

10:00 am, 12 January 2015

Trade Me has acquired a 15% stake in lending platform Harmoney, 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 NetGuide.

NZ Herald

Trade Me buys into peer-to-peer lender

09:57 am, 12 January 2015

Auction website Trade Me has snapped up a 15 per cent stake in Harmoney, New Zealand's first peer-to-peer lending operator, for $7.7 million. Auckland-based Harmoney charges fees for the use of its online platform, which officially launched in September and matches lenders with borrowers.

Read more at NZ Herald.

stuff.co.nz

Trade Me buys 15 pc stake in Harmoney

09:53 am, 12 January 2015

Trade Me has bought a 15 per cent stake in "peer-to-peer" lending firm Harmoney for $7.7 million. Harmoney operates an online platform through which people can offer money to others seeking loans, providing an alternative to borrowing and depositing money through the banks. It became the first peer-to-peer (P2P) lending company to obtain a licence from the Financial Markets Authority in July and had facilitated $4.5m in personal loans by November.

Read more at stuff.co.nz.

The Motley Fool

What does Trade Me Group Ltd’s latest purchase mean for investors?

09:51 am, 12 January 2015

Online market place, auction house and employment conglomerate Trade Me Group Ltd (ASX: TME) has experienced a bit of a rollercoaster in the past few days, with shares leaping nearly 10% on positive New Zealand jobs data, before sinking 3% today on news of a 15% acquisition of Harmoney. Harmoney is New Zealand’s only licensed peer-to-peer (‘P2P’) lender, and presents an exciting alternative to low interest rate term deposits for investors.

Read more at The Motley Fool.

AltFi

Harmoney raises a further $10 million

09:47 am, 12 January 2015

After a very successful capital fundraise in September, Harmoney has received multiple offers for investment in the equity of the platform from investors in New Zealand, the US and Asia. The highly successful Lending Club IPO has helped in increasing investor interest in the peer-to-peer sector. Neil Roberts, CEO, indicated that Harmoney could have filled this most recent round 3 or 4 times over.

Read more at AltFi.

stuff.co.nz

Banks muscle in on finance company space

10:16 am, 17 December 2014

… Many executives were also concerned about the potential threat of disruptive new market entrants, with all eyes on the likes of recently licensed peer-to-peer lender Harmoney. Kensington said lenders could face the equivalent of the retail industry's Amazon challenge if a technology-based company shook up the marketplace.

Read more at stuff.co.nz.

NetGuide

Harmoney challenges traditional finance market

10:14 am, 17 December 2014

Launched in September this year, Harmoney is a New Zealand based peer-to-peer lending service that connects those who want to borrow with those who want to invest.

Borrowers can use Harmoney to take out a loan between $1,000 and $35,000 in three or five year terms.

Read more at NetGuide.

interest.co.nz

M&A activity expected in a non-bank sector on the lookout for 'disrupters' as costs, and competition from 'predatory banks', increase

10:13 am, 17 December 2014

Finance company, building society and credit union bosses are concerned about the potential for new entities to win business off them through using a combination of technology and big data, KPMG says. In its annual non-banks Financial Institutions Performance Survey (FIPS), KPMG says a key theme on the mind of executives surveyed is the potential threat of a "disrupter" entering the market and the subsequent impact on their businesses.

Read more at interest.co.nz.

Idealog

Masters of profiling risks: how Harmoney hit the ground running with $100 million in the pocket to jumpstart its peer-to-peer lending platform

10:20 am, 4 November 2014

How does a business which doesn’t have a precedent in New Zealand get $100 million of investments lined up to bankroll the product so quickly? Ask CEO and founder of Harmoney, Neil Roberts, and he will tell you it is all about having intimate knowledge about credit. He thinks the people behind HarMoney knows credit very well.

Read more at Idealog.

Bankless Times

Blue Elephant enters New Zealand in p2p partnership with Harmoney

10:18 am, 4 November 2014

Irvington, New York-based Blue Elephant Capital Management has gone global following their investment of $50 million with Harmoney, New Zealand’s only licensed peer-to-peer lending platform. Blue Elephant becomes the first institutional funder of a New Zealand P2P. New Zealand was a great country to invest in, Blue Elephant Managing Partner Brian Weinstein explained.

Read more at Bankless Times.

stuff.co.nz

Harmoney to target small businesses

10:21 am, 3 November 2014

Peer-to-peer lending platform Harmoney will add a second string to its bow by facilitating loans to small businesses next year. The Auckland firm has processed $4.5 million of personal loans since its launch in July. The company is the first middleman licensed by the Financial Markets Authority to offer peer-to-peer (P2P) finance.

Read more at stuff.co.nz.

Blue Elephant Capital Management to lend US$50 million through p2p lender Harmoney over 2 years

10:25 am, 24 October 2014

United States firm Blue Elephant Capital Management LLC will invest US$50 million through New Zealand's first licenced peer-to-peer (P2P) lending platform Harmoney over two years. Blue Elephant is one of the four entities Harmoney said last month had agreed to provide about $100 million of lending capital for Harmoney. The Irvington, New York based Blue Elephant is the second of the four to out itself, following Heartland Bank. The bank also took a 10% shareholding in Harmoney.

Read more at interest.co.nz.

AltFi

Institutional money floods into kiwi p2p space

10:23 am, 24 October 2014

Blue Elephant is one of the four major institutional investors that will provide the young platform with around $100 million of lending capital. Blue Elephant is the second institution to publicly announce its participation in the deal. The first was Heartland Bank. The bank also took a 10% equity shareholding in Harmoney in September. The other 2 investors are from overseas but so far have chosen not to be named.

Blue Elephant was founded just last year by fixed income trading and credit specialists Ashees Jain and Joseph Marra – with the goal of focusing on the intersection between technology and finance.

Read more at AltFi.

Meet the CEOs: Anthony Healy, BNZ + video

Meet the CEOs: Anthony Healy, BNZ + video

10:27 am, 11 October 2014

Competition from new, non-traditional financial services providers - such as online peer-to-peer lenders - is one of the biggest challenges facing major banks, says BNZ chief executive Anthony Healy. New Zealand's first peer-to-peer lending platform, HarMoney, launched last month. It charges fees for the use of its website, which matches lenders with borrowers, promising the investors who make the loans average returns of around 12 per cent.

Read more at NZ Herald.