HarMoney launches with $100 million in capital funding to lend

Tue, 09 Sep 2014

By Suze Metherell Sept. 10 (BusinessDesk) - HarMoney, New Zealand's only licensed peer-to-peer lender, said it has commitments for $100 million mainly from four investors it plans to lend to consumers with a sliding scale of interest based on their credit risk. HarMoney, whose online platform went live four weeks ago and officially launched today, matches investors with borrowers of up to $35,000 with interest rates ranging from 9.99 percent to as high as 39.99 percent depending on their assessed risk profile. Investors may get a 12 perce...

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