Heartland pumps in $4 mln to Harmoney to boost stake

Fri, 14 Oct 2016

By Paul McBeth Oct. 14 (BusinessDesk) - Heartland Bank, the NZX-listed lender, has lifted its stake in Harmoney Corp, injecting $4 million of new equity into the peer-to-peer lender. The Auckland-based bank paid about 50.9 cents apiece for almost 787,000 shares, increasing its stake to 13 percent, filings to the Companies Office show. That's the same price as was paid by Stone Ridge Ventures and P2P Global Investments when they pumped $8.8 million into Harmoney in its last capital raise in February. Harmoney said the funds raised wil...

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