Harmoney quits P2P lending, PledgeMe rings in changes

By Victoria Young | Thu, 13 Feb 2020


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...