Press release

Harmoney breaks into song to celebrate fifth birthday

, 27 September 2019

Singing to mark a birthday is pretty standard practice. But to mark its fifth birthday Harmoney took the tradition a step further by learning to sing together as a choir.

Harmoney’s Auckland team of almost 70 gathered to sing Making It Happen, a song written specifically for the company. The company’s Fiji team also recorded a version of the song from their Suva office, which was incorporated into the final product.

Harmoney founder Neil Roberts says the idea for celebrating five years in song came from wanting to do something that reflected the company ethos of bringing people together.

“We wanted a way to celebrate our birthday that was a little bit different; that not only celebrated where we’ve come from, but our goal of helping our customers ‘make things happen’ in their own lives.

“It was a way to have some fun as a team, enjoy the fact that we’re going strong after five years and say thanks to our customers who have got us here.

“We have a musical name which comes from the concept of borrowers and lenders working in harmony on the lending platform. Celebrating our birthday musically, just seemed to make sense.”

The first Harmoney loans were funded in New Zealand in September 2014. Since then the company has gone on to help almost 40,000 borrowers with $1.4b across 59,000 loans. More than $165 million in interest has been paid to borrowers. 

The company launched into Australia in 2016 and in the last financial year surpassed $100m in lending there. In August 2019 Harmoney was named the Best Personal Loan (Risk-Based) at the 2019 Finder Awards in Australia.

 

About Harmoney

Harmoney is the leading marketplace lender in Australasia. The first to receive a P2P lending licence from the Financial Markets Authority and is the largest provider in the New Zealand market. Harmoney Australia is ASIC licensed and regulated. Harmoney was founded in New Zealand in 2014 and launched in Australia in in March 2017.

In just four full years of operation, Harmoney has:

  • In FY15-19, generated 1586% income growth, 103% income CAGR and $94.8m cumulative income, 115 employees;
  • Raised $32m in capital and invested substantially in its marketplace infrastructure;
  • Assessed more than $7.96b in loan applications;
  • Facilitated more than to $1.2 billion in loan volume via 59,000 loans;
  • Paid $165 million in interest to lenders;
  • Awarded best risk-based personal loan product in Australia in the 2019 Finder Awards
  • Has been awarded the Canstar 5-award Outstanding Value (A1 – A5) two years in a row;
  • Created highly skilled and highly paid roles for 115 FTEs in Auckland, Sydney, and Suva;
  • Was a finalist 2017 NZ Hi-Tech Awards.

In New Zealand, Harmoney operates a marketplace where both retail
and institutional lenders can invest their funds. Retail lenders are everyday people lending money in the marketplace, while institutional lenders are financial institutions lending money.

www.harmoney.co.nz

www.harmoney.co.nz/investors/marketplace-statistics