Harmoney has no more peers

Harmoney didn't stay on the NZX for long. (Image: NZX)

Tue, 17 Oct 2023

Digitally focused finance company Harmoney has finally closed its peer-to-peer lending platform, which was the foundation of the business when it was formed in 2014. The Australian stock exchange-listed lender on Tuesday said it’s completed the runoff of its existing peer-to-peer loan balances since it first stopped using the platform in March 2020. "Harmoney believes it is now the right time to close the P2P platform, with residual P2P-funded loan balances diminished to a level where the monthly amounts being received by m...

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