Harmoney Raises 200M from P2PGI to enter Australian Market

Harmoney, the first p2p lending marketplace in New Zealand, has raised 200M NZD from P2P Global Investments fund (P2PGI) to launch in the Australian market. The agreement includes both debt and equity. In its first year in operation in New Zealand Harmoney already originated 100M NZD in loans to consumers.
Harmoney founder and CEO, Neil Roberts, commented: ‘We are delighted to have P2PGI as a key shareholder. P2PGI has been an institutional investor on the Harmoney marketplace since early 2015. Their equity investment in the company aligns the two parties even closer. P2PGI is one of the world’s largest dedicated P2P marketplace funds and we join an exclusive list of the world’s leading platforms that P2PGI has selected to invest in.’

Crowdfundinsider had a recent update about how Harmoney is doing on its home turf where two competitors have received authorization by local regulator FMA.