Heartland takes 10% stake in HarMoney, offers funding line through platform

Sun, 07 Sep 2014

By Suze Metherell Sept. 8 (BusinessDesk) - Heartland New Zealand has taken a 10 percent stake in peer-to-peer lender HarMoney for an undisclosed sum and will provide funding through New Zealand's only licensed platform as it continues to diversify its finance options. Auckland-based HarMoney launched its online platform earlier this month, where it matches individual borrowers with lenders looking to invest, and determines the interest rate on the loan based on the credit risk of the borrower. Christchurch-based Heartland said it would pr...

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