Harmoney, with $30M on hand, wants to be cash-flow neutral before raising new funds

Fri, 12 Feb 2016

By Paul McBeth Feb. 12 (BusinessDesk) - Harmoney Corp, New Zealand's first and biggest peer-to-peer lender, has raised $30 million of working capital as it steps up plans to launch in Australia this year, but doesn't anticipate seeking more funds until it's cash-flow neutral. The Auckland-based company this month sold $8.8 million of new shares to Stone Ridge Ventures and P2P Global Investments, taking total funds raised to $30 million. Co-chief executive and its biggest shareholder Neil Roberts told BusinessDesk the company will have to...

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