Australia's Kirwood Capital gets seat at Harmoney board

Mon, 04 Nov 2019

Boutique Australian private equity firm Kirwood Capital will play a hands-on role at Harmoney Corp after paying $15 million for a 13.4 percent stake in the peer-to-peer lender and getting a seat on the board. Harmoney last week raised $25 million of new equity from Kirwood and New Zealand investor Michael Lookman, whose interests took a 9 percent stake. The fintech firm had been hustling for fresh capital for several months, but found it harder this time due to a protracted dispute with New Zealand's Commerce Commission as to whether it wa...

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