Harmoney quits P2P lending, PledgeMe rings in changes

Harmoney quits P2P lending, PledgeMe rings in changes
Victoria Young
The new year has brought big changes for online innovators Harmoney and PledgeMe, which announced major moves today. Lending start-up Harmoney said it is quitting the peer-to-peer lending market, and will stop taking retail lending applications from today, and halt all retail investment at the end of March. Instead, the money will come from the wholesale market. Harmoney was the first in New Zealand to obtain a peer-to-peer licence and says leaving that market was a decision it had made over time. "While a move we make reluctantl...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024