new zealand 2013 headquarters parnell auckland new zealand key people neil roberts ceo ; simon ward cfo ; brad hagstrom coo ; pearl laughton cio 1 products peer to peer lending website www.harmoney.co.nz harmoney limited is a new zealand based peer to peer lending service headquartered in auckland . 2 harmoney operates by connecting individuals who want to borrow with individuals who want to invest . harmoney provides personal loans though has said that it intent to expand into business loans in future . 3 launched in september 2014 harmoney was the first licensed provider in new zealand after peer to peer lending and crowdfunding were enabled in april 1 2014 following the passing of new financial legislation in new zealand . 4 5 6 contents 1 history 2 business model 3 board of directors 4 advisory board 5 see also 6 references 7 external links history edit harmoney was founded in late 2013 by neil roberts who became ceo of the new company . 7 roberts is the primary share owner of harmoney . icehouse new zealand based business incubator holds a 2 % stake while heartland bank announced it had taken a 10 % stake in the platform for an undisclosed sum in september 2014 . 8 9 trade me announced in january 2015 it had acquired a 15 % stake for 7.7 million . trade me appointed cfo jonathan klouwens to join harmoney s board of directors . 10 11 harmoney launched on september 10 2014 after it had obtained a licensed by the financial markets authority on july 8 2014 . 12 the company said it had nzd 100 million available to lend from four main investors . 13 one main investor was revealed to be heartland bank but harmoney has declined to disclose the remaining three . 14 . in june 2016 harmoney announced that it had generated 8.6 million in revenue for its first full year of operation . 15 this was a loss of 14.2 m for the full year as it continues to invest and grow staff numbers . business model edit harmoney enables borrowers to apply for personal loans through its website by providing details about themselves and the loan they would like to apply for . loans can be secured with a motor vehicle or unsecured and can be between 1 000 35 000 for three or five year terms . harmoney determines the creditworthiness of a borrower on the basis of their credit history their income debt and requested loan amount . applicants are assigned a risk grade and associated interest rate according to harmoney s scorecard which grades loans on a scale from a to f. 16 new zealand residents aged 18 or older with a valid new zealand driver s licence are eligible to invest or apply for a loan through harmoney . investors can browse the loans listed on harmoney s website and select loans based on criteria including loan amount loan purpose and loan grade . harmoney fractionalises loans into 25 notes 17 enabling investors to choose how many notes to invest in each loan with a minimum deposit of 500 into your account . 18 investors earn money from interest and receive repayments from borrowers as they are made proportionate to the percentage of the loan total they funded . 19 harmoney makes money by charging a platform fee to borrowers and a service fee to investors . the platform fee amount varies from 2 % to 6 % depending on the borrower s credit grade while the service fee is 1.25 % on all amounts the borrower pays . 16 board of directors edit rob campbell chairman ; investor . 20 christina domecq independent director ; ceo localist . 20 tracey jones independent director ; coo & cfo tappenden holdings ltd. 20 david flacks independent director ; partner bell gully . 20 neil roberts joint ceo and founder . 21 advisory board edit brian barefoot advisor lending club ; former ceo painewebber international ; president emeritus babson college . etienne boillot general partner shepard capital . scott bommer founder president and chief executive officer at sab capital management lp ; equity investor at lending club . charles moldow general partner foundation capital ; equity investor in lending club auxmoney and ondeck capital . see also edit peer to peer lending comparison of crowd funding services disintermediation references edit harmoney advisory board . retrieved 24 may 2015 . adams christopher 8 july 2014 . peer to peer lending gets nz green light . new zealand herald . issn 1170 0777 . retrieved 28 october 2014 . harmoney comes to auckland . small business technology yahoo new zealand finance . retrieved 28 october 2014 . harmoney the first peer to peer lender to obtain a licence from the fma interest.co.nz . retrieved 28 october 2014 . nz s first licenced online peer to peer lender now up and running interest.co.nz . retrieved 28 october 2014 . cabinet rubber stamps regulations for crowd funding and peer to peer lending interest.co.nz . retrieved 28 october 2014 . about harmoney peer lending . harmoney . banks personal loans and credit card business in the sights of peer to peer lending applicant harmoney interest.co.nz . retrieved 28 october 2014 . heartland invests in harmoney funding after taking 10 % stake . tvnz . retrieved 28 october 2014 . elisara greg 12 january 2015 . trade me pays 7.7 million for 15 % stake in peer to peer lender harmoney . harmoney . retrieved 12 june 2016 . trade me acquires stake in peer to peer lender harmoney . investor relations trade me group ltd. 12 january 2015 . retrieved 12 june 2016 . fma issues first nz peer to peer licence . financial markets authority nz . retrieved 24 march 2015 . harmoney launches with 100m to lend . the new zealand herald . retrieved 28 october 2014 . peer to peer lender harmoney launches officially with 100 million to lend interest.co.nz . retrieved 28 october 2014 . harmoney generates 8.6 m of revenue in first year . nbr . retrieved 9 october 2016 . a b interest rates and fees for our lending marketplace . harmoney . retrieved 12 june 2016 . how to diversify with peer to peer lending harmoney . harmoney . retrieved 12 june 2016 . sluka kate 29 january 2015 . peer to peer lending . consumer nz . retrieved 12 june 2016 . investor faqs on how to invest . harmoney . retrieved 12 june 2016 . a b c d peer to peer lending start up harmoney names rob campbell chairman interest.co.nz . retrieved 28 october 2014 . harmoney ceo and directors harmoney.co.nz . retrieved 13 september 2016 . external links edit harmoney new zealand website harmoney australia website harmoney blog harmoney on twitter retrieved from https en.wikipedia.org w index.php title harmoney & oldid 743328313 categories 2013 establishments in new zealandpeer to peer lending companiesfinancial services companies of new zealandcompanies established in 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 04 02 . text is available under the creative commons attribution sharealike license ; 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