Harmoney raises $8.8 mln in preference share issue, halves threshold to go public

Wed, 03 Feb 2016

By Paul McBeth Feb. 3 (BusinessDesk) - Harmoney Corp raised almost $8.8 million in a preference share issue after rejigging features of its constitution, including halving the level of new money it has to raise before going public. The Auckland-based peer-to-peer lender sold about $4.5 million of Series B shares at almost 51 cents apiece to Stone Ridge Ventures, giving the West Australian investor 4.9 percent of Harmoney and $4.3 million to UK peer-to-peer lender P2P Global Investments, which has lifted its stake to about 9.1 percent, ac...

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