Press release

Harmoney turns five! Meet Arthur Koo

, 24 September 2019

arthur linked in article fifth birthday

Arthur Koo

Senior Java Developer

How much did you know about Harmoney when you got the role? 

Almost nothing. I only found out more about Harmoney and the interesting idea behind it, after hearing about the role.

What were your first few weeks with the company like? 

It was very "hands-on" as it was right when we were moving from outsourcing to in-sourcing. There was a lot of communicating with external parties to help understand the systems in our platform.

What's your favourite memory or experience from those early days? 

It was an amazing experience to be part of a company that has continued to grow and innovate. I'm still enjoying it.

What was the biggest challenge of those early days? 

What we could achieve then was very much dictated by our resources and the small size of the team.

What's different about working in Harmoney now? 

Harmoney has grown quickly, especially our engineering team. It’s great now that we are able to innovate more and make use of more technology to make our platform better.

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.