Weekly peer to peer lending news round up - 14th September, 2014

Posted 12 September 2014.

The round up blog is back from its hiatus! To our regular readers - we're sorry to have been quiet for a little while, but I'm sure that if you look around the website you'll be able to see why. It's been a very very busy month here at Harmoney, but we've got an amazing amount done and we've got quite a few pieces of very exciting news to share.

As a result, this week's news round up is a mini-version, with a round up of everything that's happened with us this week!

New Zealand peer to peer lending news.

Number one on the list this week should be obvious: Harmoney has launched. Yes - we officially launched on Wednesday, with NZD $100 million from four main investors, ready to fund loans on the marketplace. Our CEO Neil spoke with Interest.co.nz of the achievement: "No other consumer peer-to-peer platform, that I know of, has achieved institutional support of any scale prior to opening for business. This is a world first by Harmoney." Read Interest.co.nz's full article for more.

The New Zealand Herald and the National Business Review also covered the news, with Neil speaking to Business Desk: "We've had millions of dollars of borrower demand and we've had hundreds of retail investors sign up and put money in the platform, which is very encouraging." 

It was announced earlier this week that Heartland Bank had taken a 10% stake in Harmoney for an undisclosed sum, and would also be investing a "meaningful" amount through the platform, according to Interest.co.nz's coverage of the announcement. It was a big piece of news that picked up a lot of coverage. Interest.co.nz published a second article with further details, while TVNZ published a piece, and the National Business Review also covered the announcementHeartland's original press release is also available here.

Our chairman, Rob Campbell, was interviewed by TV3 News bright and early Friday morning. It's a great video, and we highly recommend that you watch it, Rob provides a great explanation of what Harmoney is and how peer to peer lending works, fielding some very important questions. The full interview is available to watch now.

Last but not least, we had a great write up in the Sunday Star Times today, following up on this recent piece. It's a great article that looks atCharles Moldow's opinions on the industry, and what Harmoney might achieve. Moldow is well known in the industry for writing the highly regarded and often quoted A Trillion Dollar Market By the People, For the People, but he's also a member of our Advisory Board (and we're incredibly lucky to have him.

That's us for this week! We'll see you next week with another round up.