Harmoney, the largest exclusively online lender in Australasia has ended its FY20 financial year with NZ$37 million of revenue as it accelerates its transition from a peer-to-peer model to loans funded from warehouse facilities.
Harmoney celebrated its fifth birthday in 2019 with some major achievements. We asked our executive team to look back at the year that was, and a give us a glimpse of what's in store for 2020.
Harmoney, a leading digital platform lender in Australasia, has successfully completed a Series C funding round which has raised AU$22.9 million (NZ$25 million) in capital from two new Australasia-based investors. The company, founded in New Zealand in 2014, has received its latest financial backing from Australian private equity firm Kirwood Capital and a private institutional investor based in New Zealand.
First things first, what’s the difference between CX (customer experience), UX (user experience) and UI (user interface) design? It can be incredibly confusing; not just how they’re different from each other, but how they’re different from traditional design.
Harmoney, Australasia’s largest fintech lending marketplace, has marked another first for fintech in New Zealand and Australia by hitting $1 billion in loan volume. The milestone comes as the company’s operations soared between FY17 and FY18, with 87% revenue growth.
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.